The Walt Disney Co. said it is pulling out of a roughly $1 billion investment in Florida, citing"changing business conditions." The media and entertainment giant announced the move amid a year-long feud with the state's Republican governor, Ron DeSantis, after Disney publicly opposed his bill to limit instruction on sexual orientation and gender identity in public schools.
In a memo sent to Disney employees, Josh D'Amaro, chairman of Disney Parks, Experiences and Products, said that the company isn't moving forward with its plans to build a new Disney campus in Lake Nona. The Lake Nona complex would have included several buildings employing 2,000 Disney workers that would have been relocated from California to Florida.