Japan: Unrecoverable cost total rises to Y68.6 bil for new Olympic stadium

Japan: Unrecoverable cost total rises to Y68.6 bil for new Olympic stadium

TOKYO —The unrecoverable costs stemming from changing to a less-expensive plan for Japan’s new national stadium have risen to nearly 68.6 billion yen, the Japan Sports Council announced Friday.

The figure is 600 million yen higher than the amount mentioned in August 2015 by then sports minister Hakubun Shimomura following the decision to abandon the originally agreed-upon design of the late Iraqi-British architect Zaha Hadid.

Included in the costs are roughly 3.8 billion yen to a domestic joint venture as a commission for construction management and roughly 1.4 billion yen paid to Hadid’s firm.

The new national stadium project currently underway will be the centerpiece of the Tokyo 2020 Olympic Games.

The Hadid design, that was originally expected to cost 130 billion yen, was thrown out after a public outcry over estimates that it would cost nearly twice that much due to rising labor and material costs.

 

Japan: Unrecoverable cost total rises to Y68.6 bil for new Olympic stadium

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