The Tokyo Olympics will open next year in the same time slot scheduled for this year's games. Tokyo organisers said Monday the opening ceremony will take place on July 23, 2021, almost exactly one year after the games were due to start this year.
Last week, the IOC and Japanese organisers postponed the Olympics until 2021 because of the coronavirus pandemic.
This year's games were scheduled to open on July 24 and close on August 9. But the near exact one-year delay will see the rescheduled closing ceremony on August 8.
There had been talk of switching the Olympics to spring, a move that would coincide with the blooming of Japan's famous cherry blossoms. But it would also clash with European soccer and North American sports leagues.
After holding out for weeks, local organisers and the IOC last week postponed the Tokyo Games under pressure from athletes, national Olympic bodies and sports federations. It's the first postponement in Olympic history, though there were several cancellations during wartime.
Both Tokyo organising committee president Yoshiro Mori and CEO Toshiro Muto have said the cost of rescheduling will be massive, local reports estimate billions of dollars with most of the expenses borne by Japanese taxpayers.
Muto promised transparency in calculating the costs, and testing times deciding how they are divided up.
Since it (the Olympics) were scheduled for this summer, all the venues had given up hosting any other events during this time, so how do we approach that? Muto asked.
"In addition, there will need to be guarantees when we book the new dates, and there is a possibility this will incur rent payments. So there will be costs incurred and we will need to consider them one by one. I think that will be the tougher process.
Katsuhiro Miyamoto, an emeritus professor of sports economics at Kansai University, puts the costs as high as USD 4 billion. That would cover the price of maintaining stadiums, refitting them, paying rentals, penalties and other expenses.
Japan is officially spending USD 12.6 billion to organise the Olympics. However, an audit bureau of the Japanese government says the costs are twice that much. All of the spending is public money except USD 5.6 billion from a privately funded operating budget.
The Switzerland-based International Olympic Committee is contributing USD 1.3 billion, according to organising committee documents. The IOC's contribution goes into the operating budget.
Bach has repeatedly called the Tokyo Olympics the best prepared in history. However, Deputy Prime Minister Taro Aso also termed them cursed. Aso competed in shooting in the 1976 Olympics, and was born in 1940.
The Olympics planned for 1940 in Tokyo were canceled because of World War II.
The run-up to the Olympics also saw IOC member Tsunekazu Takeda, who also headed the Japanese Olympic Committee, forced to resign last year amid a bribery scandal. (AP)