Olympic horse events will be in Greenwich

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A monthly meeting of Olympic board is expected to rubber-stamp recommendations made in a government-commissioned review by accountancy firm KPMG.

The report will be presented this afternoon to the board, which consists of Olympic minister Tessa Jowell, Mayor Boris Johnson, 2012 chief Sebastian Coe and Colin Moynihan, chairman of the British Olympic Association.

KPMG concluded it would be more expensive to move the horse riding events to alternative venues at Badminton or Hickstead, West Sussex.

Two other temporary venues were included in the review: basketball and shooting at the Royal Artillery Barracks in Woolwich.

The 12,000-seat basketball arena looks certain to remain in the north of the park following the report's recommendations. Olympics' chiefs will agree that without the arena they would marginalise a sport which has significant youth appeal and the potential to deliver a significant sports legacy.

The future of the shooting venue may not be decided today. However the analysis by KPMG is thought to say that moving the event outside London to the National Shooting Centre in Bisley would not be worth the extra expense.

Plans to scale down the Olympic village by a third as revealed in the Standard are expected to dominate tomorrow's meeting of the Olympic board and will be high on the agenda when the International Olympic Committee visits London next month.

Fears that corners will be cut on athletes' accommodation to contain costs have been raised by scores of nations at an Olympic summit in Mexico. Mr Moynihan said he had been approached by counterparts planning to bring teams to 2012 at a summit in Acapulco earlier this month.

He said: "It was raised in Mexico, it will be raised at the board and you can be sure that it will be raised by the IOC. These nations need assurances that the village will have the right design.

"This is not about five-star accommodation or even four-star but the need for athletes to live comfortably and relax so that they can perform at their peak. You cannot underestimate the importance of the village."