The Walt Disney Company is abandoning plans to erect an office facility in Florida worth almost $1 billion and relocate more than 1,000 jobs there.
Josh D’Amaro Word chairman of Disney Parks, informed staff via email on Thursday 18 May that the firm had decided against building the enormous office complex in Orlando due to new leadership and changing business conditions.
The announcement comes a week after Disney CEO Bob Iger stated there were concerns about the company’s continued investment in Florida due to an ongoing disagreement with Gov. Ron DeSantis. Iger claimed that DeSantis and Republican lawmakers were waging a “campaign of government retaliation” against Disney in a conference call with analysts.
DeSantis signed legislation depriving the business of self-governing authority over its 40-square-mile site outside Orlando after former Disney CEO Bob Chapek promised to fight to overturn a state law limiting discussions of sexual orientation and gender identity in schools. Iger posed the rhetorical question during the conference call:
“Does the state want us to invest more, employ more people, and pay more taxes, or not?”
Those briefed on the situation, the company’s dispute with DeSantis “figured prominently” in the decision to stop the project, according to the New York Times.
If you are interested in reading more latest news about Disney then you can enjoy these posts we have picked for you:
- In a DeSantis-Backed Board Vote, Disney will be Sued
- Disney’s Animal Kingdom Discovers Opening Day Time Capsule
More than 1,000 Disney employees had their positions moved from California to Florida, a move that was unpopular with some of the impacted workers, who reportedly departed. D’Amaro said that the corporation will speak with workers who had already relocated to Florida on an individual basis to discuss “the possibility of moving you back.”
If you wanted to check out more latest news like this then you can join us on our Twitter account. Here you will be updated about everything.