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Disney scraps plans on nearly $900 million investment at new corporate campus in Florida

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Disney is scrapping plans for a nearly $900 million corporate campus in Florida

Walt Disney Co., locked in an escalating political feud with Republican Florida Gov. Ron DeSantis, has scrapped plans on a nearly $900 million investment in a new corporate campus in Florida that would have relocated more than 2,000 employees.

“While some were excited about the new campus, I know that this decision and the circumstances surrounding it have been difficult for others,”D’Amaro wrote. “Given the considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions, we have decided not to move forward.”

 

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Disney cancels plans to relocate 2,000 jobs to Florida -company emailWalt Disney Co is scrapping plans to relocate 2,000 jobs to Florida in part because of 'changing business conditions' in the state, according to an e-mail to employees seen by Reuters on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »