Tokyo Snags the 2020 Olympics

Tokyo has been awarded the 2020 Olympics, capitalizing on its reputation as a "safe pair of hands" and defying concerns about the Fukushima nuclear crisis. Tokyo defeated Istanbul in the final round of secret voting today by the International Olympic Committee. Madrid was eliminated earlier after an initial tie with Istanbul. Japanese PM Shinzo Abe promised the IOC that his government would clean up Fukushima, reports CNN. Tokyo's Olympic plan is projected to cost $5 billion to $6 billion, but the city says it already has $4.9 billion saved to pay for it. (More Tokyo stories.)