AN EVALUATİON OF THE ECONOMİC COMMİTMENTS BY ISTANBUL AND TOKYO, TWO CANDIDATE CITIES FOR THE SUMMER OLYMPICS OF 2020

Abstract

Many countries also came to compete to host the Summer Olympics of 2020, spent significant sums of money during their candidacy, and made a number of significant economic commitments for the 2020 Olympics. As a result, the bids by Istanbul and Tokyo were selected as the finalists in Argentina in 2013. With emphasis on economic renewal, Tokyo committed 4.9 billion dollars for the Olympics. With a budget of 19.2 billion dollars, Istanbul in turn made its bid with the slogan “Bridge Together” and made a commitment with the existing and planned infrastructure projects in four zones of Olympics City Zone, the Coastal Zone, the Bhosporus Zone, and the Forest Zone. After a careful evaluation, the International Olympics Committee chose Tokyo’s bid as the host for the 2020 Summer Olympics. The goal of this study is to make a comparative examination of the projected economic spending and commitments of the two finalist cities, Istanbul and Tokyo, for the 2020 Summer Olympics.