The figure has now escalated to $100 million.
Hollywood had originally projected a budget of $60 million. The price of building materials has also been affected by inflation. The price of steel is up 25%, and inflation is at over 9% over the last year. Ronnie Johns, the Chairman of the state’s Gaming Control Board, explained there is a shortage of steel supply, a basic commodity that they “are having a hard time” getting. While the move -first announced in August of 2021- was expected to be completed earlier this year, it has now been delayed with supply chain and river water levels being listed among the main issues. Hollywood Casino Baton Rouge, the first riverboat casino in Louisiana's capital city to announce its move onto land, has encountered setbacks in the construction of its new venue.
