Seeking Alpha "Will Tokyo Take The Gold?"
Tokyo, Japan, will be competing against Istanbul, Turkey, and Madrid, Spain, to host the 2020 Olympic Games. The winner will be selected by the International Olympic Committee (IOC) on September, 20, 2013. These three short-listed candidates have 15 months to lobby for votes and impress the committee. This is Tokyo's second bid to host the Olympic Games and they are already a favorite. Tokyo has put aside 400 billion yen to ensure funding and would build 20 new venues to accommodate the event. Doha, Qatar, and Baku, Azerbaijan, were recently dropped from the list of applicants. The IOC determined that Baku's infrastructure and experience were not sufficiently developed at this point in the process.