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Tokyo 2020 Olympic Fukushima fallacies and fallout

To finish this summary of his talk it would seem that the recent drive for tourism in the nuclear damaged Fukushima prefecture would actually be impacted during and after the Olympics. As the deadline for the games approaches clean up from the tsunami and nuclear disaster would be diverted into the Olympic infrastructure program as the tough IOC deadline approaches for July 2020.

Published 26 July 2017

by Shaun McGee

In this article I wish to report on the issues with the Tokyo 2020 Olympics. This is based on a presentation by Andrew Zimbalist the sports economist at the Foreign Correspondence Club of Japan on the 26th July 2017

As Prof. Zimbalist began his presentation he commented that the promised profits to the country as “Public dialogue is propaganda”.  He added to this by saying that there would be “no positive impulse to the economy”.

He followed up with a breakdown estimate of costs. There are three cost projections. The first being the initial costing to some 5 billion dollars. The second is a more recent report stating 12.5 billion dollars (less the contingency fund that was removed of some 2.5 billion dollars that is supposed to cover the cost over runs). The third was a more recent costing of 27 billion dollars!

He stated that the infrastructure that are being built specifically for the Olympics are likely to be “white elephants” with only a single use. He also said that Tourism will actually suffer during and after the games and that it would be unlikely to benefit the local economy.

Concerning infrastructure, he said that some 8,000 acres of land were used in the Beijing games and that Japan would be sorely stressed to provide all the land the International Olympic Committee (IOC) requires for its planned infrastructure.

The economy would be sorely tested as tax benefits etc for private investment would be at the cost of the tax payer. There would be no Tariffs on building materials imported. Free land would be offered to private investment companies and low indirect loans.

He mentioned the cost of security at being in the region of 2 billion dollars but did not mention that civil society groups would be targeted as they were in London in 2012.

To finish this summary of his talk it would seem that the recent drive for tourism in the nuclear damaged Fukushima prefecture would actually be impacted during and after the Olympics. As the deadline for the games approaches clean up from the tsunami and nuclear disaster would be diverted into the Olympic infrastructure program as the tough IOC deadline approaches for July 2020.

The video from which this article was derived can be found here;

July 26, 2017 - Posted by arclight2011part2 | Uncategorized