Tokyo granted 2020 Summer Games

Buenos Aires, Argentina – Tokyo will host the 2020 Summer Olympics after beating out two other cities, the IOC announced Saturday.

The Japanese capital received the nod over Istanbul and Madrid, the latter of which was eliminated earlier in the day. Tokyo will host the Summer Games for the second time, having previously done so in 1964.

Tokyo, which lost out on a bid to hold the 2016 Summer Olympics that was awarded to Rio de Janeiro, received 60 of the 96 votes cast in the final balloting once it and Istanbul were determined as the final two candidates.

"Congratulations to the city of Tokyo on its election as host of the 2020 Olympic Games," said outgoing IOC President Jacques Rogge. "Tokyo presented a very strong technical bid from the outset -- and it needed to in competition with two such high-caliber bids from Istanbul and Madrid.

"All three cities were capable of staging excellent Games in 2020, but in the end it was Tokyo's bid that resonated the most with the IOC membership, inviting us to "discover tomorrow" by delivering a well-organized and safe Games that will reinforce the Olympic values while demonstrating the benefits of sport to a new generation."

Madrid, which also came up short as a finalist in both 2012 and 2016, was edged out by Istanbul in a tiebreaker during the first elimination process. Tokyo earned 42 votes in the initial vote, with the other two receiving 26 each. Istanbul then advanced by a 49-45 count in the re-vote.

Istanbul failed to land the Games for the fifth time as a bidder, the most recent of which came in 2012.