Disney Scraps $864M Lake Nona Project Amid Tensions With Florida Governor DeSantis
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Disney (NYSE:DIS) has withdrawn its $864 million investment in a new Florida corporate campus, relocating over 2,000 employees, amid tensions with Florida Governor Ron DeSantis. The Lake Nona project was seen as a key factor for investment and job creation in Orange County, Florida.
May 18, 2023 | 7:53 pm
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Disney cancels its $864 million Lake Nona project in Florida, potentially affecting future investments and job creation in the state.
Disney's decision to withdraw from the Lake Nona project is a significant setback for the company's expansion plans in Florida. The project was expected to create jobs and boost investment in the region. The ongoing tensions with Governor DeSantis and state lawmakers could further strain Disney's relationship with the state, potentially impacting future investments and operations.
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