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2012 basketball and equestrian to stay put
By Pete Hayman
London 2012 organisers have decided against moving the basketball and equestrian events after a KPMG review found that no financial savings would be made by using alternative sites.
The study was commissioned by the Olympic Delivery Authority (ODA) to investigate whether it would be more cost-effective to move basketball away from a 12,000-seat temporary stand in Olympic Park to an existing permanent facility. However, a statement issued by the ODA said: "The KPMG review showed that there are no significant savings to be made from moving the venue off the park. This is due to the resultant costs of venue hire, operating costs and the loss of ticket revenue due to a reduction in capacity."
With regards to plans to move equestrian events from Greenwich Park, the ODA said: "Any move away from Greenwich would result in a doubling up of facilities with the need to build a separate Modern Pentathlon show-jumping close to the Olympic Park."
London 2012 organisers have decided against moving the basketball and equestrian events after a KPMG review found that no financial savings would be made by using alternative sites.
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