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Huge Financial Fallout From Olympics Delay

The International Olympics Committee said millions of Tokyo hotel rooms had been booked for this summer, and some of the city’s venues might not be available a year from now. Organizers have reported spending $12.6 billion on preparations. The sprawling athletes' village was scheduled to be sold off, piece by piece, as condominiums in the fall. That plan will have to be put on ice.

Read the whole story at Los Angeles Times »

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