Madrid's 2020 Olympics bid may tinker with its venues to save a little money.

Madrid 2020 chief executive Victor Sanchez says organizers are studying whether to use already completed installations for beach volleyball and boxing. Volleyball would move to the Las Ventas bullring, and boxing would find a new home at a basketball facility in the south side of the Spanish capital.

Sanchez says "the most logical thing is that if we have top-class installations then we should use them." He says 84 percent of Madrid 2020's infrastructure is complete.

Spain is feeling the crunch from the economic crisis with nearly one quarter of its population unemployed.

Madrid is bidding for the Olympic Games for the third time.