The Tokyo 2020 Organizing Committee, looking to simplify the postponed 2021 Games, on Wednesday announced new initiatives that will help save an estimated $280 million.

The new initiatives include spending less on venues in the Olympic and Paralympic Village and optimizing the Olympic torch relay.

PHOTO: Tokyo 2020 Olympic Games president Yoshiro Mori during a press conference regarding the Tokyo Olympics, which have been postponed due to the COVID-19 novel coronavirus, in Tokyo, Oct. 7, 2020.
Rodrigo Reyes Marin/Pool/AFP via Getty ImagesRodrigo Reyes Marin/Pool/AFP via Getty ImagesTokyo 2020 Olympic Games president Yoshiro Mori during a press conference regarding the Tokyo Olympics, which have been postponed due to the COVID-19 novel coronavirus, in Tokyo, Oct. 7, 2020.

ABC News

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