Tokyo Wins Bid To Host 2020 Olympics

Despite its frequent earthquakes and near-catastrophe nuclear issues, Tokyo beat out Istanbul, Turkey and Madrid, Spain as host of the 2020 Summer Olympic Games. The decision came after 100 Olympic committee delegates voted on Saturday in Buenos Aires, Argentina.

Tokyo was the leading contender after Saturday’s round one of voting. It was the most cost-efficient choice for the Olympic committee with a bid of $6 billion, and a city fund of $4.9 billion already in tow. A national stadium is already being built for the rugby World Cup in 2017, and the $1 billon price tag will not have to be covered by the Olympics.

Turkey’s pitfall was likely its sharing a border with Syria, in addition to its high bid. The city was asking for $19 billion to help with stadium and transportation infrastructure costs. If it had won the 2020 bid, it would have been the first Muslim country to host the Olympics.

This is Tokyo’s second turn at hosting the Olympics. The first was in 1964. The next Summer Games will be held in 2016 in Rio De Janeiro in Brazil, while the 2014 Winter Olympic Games head to Sochi, Russia and then Pyeongchang, South Korea in 2018.