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Disney introduced on Thursday that it canceled plans for a brand new campus close to Orlando, Florida.
The event was deliberate for the Lake Nona area.
“Given the appreciable adjustments which have occurred for the reason that announcement of this undertaking, together with new management and altering enterprise situations, we have now determined to not transfer ahead with development of the campus,” Disney mentioned in a press release.
Nevertheless, the corporate affirmed its dedication to extra growth.
“Now we have plans to speculate $17 billion and create 13,000 jobs over the following ten years,” the memo mentioned. “I hope we’re ready to take action.”
The Lake Nona campus, introduced in 2021, was set to host workers from Disney’s Parks, Experiences and Merchandise division. The corporate beforehand delayed the opening of the campus to 2026.
As a part of the plans, Disney requested roughly 2,000 Southern California-based workers to relocate to the deliberate 60-acre campus. The corporate will not be calling for the staff to relocate, the memo on Thursday mentioned.
“For many who have already moved, we are going to speak to you individually about your state of affairs, together with the potential for transferring you again,” the memo added.
The announcement comes amid an ongoing dispute between Republican Florida Gov. Ron DeSantis and Disney over the corporate’s particular district within the state.
Disney sued DeSantis final month, claiming that he had carried out a “relentless marketing campaign to weaponize authorities energy” in opposition to the corporate over a disagreement stemming from the state’s Parental Rights in Training regulation, which critics dubbed the “Do not Say Homosexual” invoice earlier than it was handed and signed into regulation.
Final 12 months, Disney publicly opposed the invoice, which restricts in-class dialogue of gender and sexual orientation.
Afterward, DeSantis sharply criticized the corporate’s 56-year-old particular district, previously often known as the Reedy Creek Monetary District, which gave Disney autonomy over points, similar to hearth safety, policing, waste administration, vitality era, street upkeep, bond issuance and improvement planning.
DeSantis is anticipated to formally enter the 2024 presidential race subsequent week, two sources aware of the plans informed ABC Information.
Disney is the dad or mum firm of ABC Information.
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