The official cost of the postponed Tokyo Olympics has increased by 22%, the local organizing committee said Tuesday in unveiling its new budget. In an on-line news conference, organizers said the Olympics will now cost $15.4 billion to stage. This is up from $12.6 billion in last year’s budget. The added $2.8 billion is the cost of the one-year delay. Added expenses come from renegotiating contracts and measures to combat the COVID-19 pandemic. The Olympics are to open on July 23, 2021. The Paralympics follow on Aug. 24.