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Tokyo Olympic Stadium Plans Scrapped Due to $2 Billion Price Tag

After much deliberation regarding the innovative and costly design for Tokyo's 2020 Summer Olympics stadium, officials decided Friday to scrap the previously agreed upon plans.

According to Will Ripley and Tim Hume of CNN.com, Japanese Prime Minister Shinzo Abe announced that the country would no longer move forward with the unique stadium scheme since it would have cost $2.02 billion to construct.

The move comes as somewhat of a surprise since Abe insisted last week that changing the plan was out of the question due to concerns about getting the stadium finished prior to the Olympics, per Isabel Reynolds and Takashi Hirokawa of Bloomberg.