- Associated Press - Monday, June 8, 2015

LAUSANNE, Switzerland (AP) - The IOC has approved another series of cost-cutting venue changes for the 2020 Tokyo Olympics.

Japanese organizers said the moves, ratified Monday by the IOC executive board, will cut another $700 million from the budget and bring total savings so far to about $1.7 billion.

Venue changes were approved for seven sports: water polo, badminton, fencing, rugby, sailing, taekwondo and wrestling.

Still under discussion is the proposal by Tokyo organizers to move cycling to an existing facility in Izu, about a one-hour train ride from Tokyo. The international cycling federation, the UCI, has resisted the move.

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