Disney has announced the cancellation of its $1 billion expansion plan in Orlando, Florida, citing an escalating battle with Governor Ron DeSantis as the reason for the move. Bob Iger, Disney CEO, had previously questioned whether the state wanted the company to “invest more, employ more people, and pay more taxes, or not?” The proposed office complex near Walt Disney World was expected to bring over 2,000 jobs to the region, but the company has now abandoned the plan. Disney had previously announced its plan to build the Lake Nona Town Center to accommodate the Disney Imagineering team from California, citing Florida’s business-friendly climate. While some employees had resigned before the proposed move, 200 Disney employees had already relocated to Florida from California. In a memo to employees, Josh D’Amaro, the Chairman of Theme Park and Consumer Products, stated that Disney remains committed to investing $17 billion in its Florida operations over the next decade, despite the cancellation of the Lake Nona project. The company’s decision is the latest episode in the ongoing disagreement between Disney and DeSantis due to his anti-LGBTQ views and the company’s opposition to his “Don’t Say Gay” bill. In addition, this cancellation comes as Disney seeks to cut costs, having announced the layoff of 7,000 employees in February, with a $5.5 billion reduction in spending.
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