Harrah’s hotel construction timeline shrinks in latest tweak to gambling license renewalGreg LaRose, New Orleans Times-Picayune · May 16, 2018 at 7:00 amHarrah’s will have to build a new $350 million hotel in New Orleans within four years if it wants to continue operating its casino another 30 years, according to changes made Tuesday (May 15) to a bill in the Louisiana Legislature that would renew its state gambling license.Sen. Karen Carter Peterson, D-New Orleans, attached an amendment to the license renewal bill with the construction deadline in the Senate Revenue and Fiscal Affairs Committee. If Harrah’s doesn’t meet it, the state can back out of the renewal that takes effect once the current license expires in 2024. The bill originally gave Harrah’s six years to complete the hotel.It’s the latest change for the proposal that senators have heavily critiqued this week. The original version, sponsored by House Speaker Taylor Barras, R-New Iberia, kept the license in Harrah’s hands — without opening it to outside bidders — for another three decades once its current pact lapses in six years.