Organisers of the 2012 Olympic Games have opted against moving the venues for the basketball and equestrian competitions, but may move those for badminton, handball and rhythmic gymnastics.
According to UK press reports, organisers have decided to go ahead with a 12,000-seater, £60 million temporary arena for basketball in the main Olympic Park. Equestrianism will stay at Greenwich Park after a review by accountants KPMG said no saving would be made by moving.
But changing the other venues could result in savings worth £40 million.
In a statement to the press, London 2012, said: "The KPMG review showed that there are no significant savings to be made from moving the [basketball] venue off the park to an existing permanent facility.
"This is due to the resultant costs of venue hire, operating costs and the loss of ticket revenue due to a reduction in capacity - not building a temporary venue would significantly reduce the number of spectators that would be able to watch the event."
An alternative location for equestrian and modern pentathlon would also not result in lower costs than Greenwich Park. None of the alternative venues for the equestrian events were close enough to accommodate the modern pentathlon show jumping event, which needs to be located close to the Olympic Park to allow the completion of all five events within one day.
Fencing and volleyball have already been moved to existing permanent sites as the government is under pressure to keep costs down after the Olympic budget spiralled from an initial estimate of £2.4 billion to £9.3 billion.
