DeSantis's 'Lasting Harm' To Disney In Florida Pushes Mouse House To Boost California Investments
Portfolio Pulse from Shanthi Rexaline
Walt Disney Co. (NYSE:DIS) is shifting its expansion plans from Florida to California due to its ongoing feud with Florida's Governor Ron DeSantis over the 'Don't Say Gay' law. Disney has scrapped a $1 billion project in Orlando and is instead focusing on its Disneyland Forward project in Anaheim, California, which is expected to generate $253 million annually and create 2,200 new jobs.

July 13, 2023 | 12:43 pm
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Disney's feud with Florida's Governor over the 'Don't Say Gay' law has led to a shift in its expansion plans from Florida to California. This could potentially impact Disney's future growth and revenues.
Disney's decision to shift its expansion plans from Florida to California is a significant move that could impact its future growth and revenues. The company's feud with Florida's Governor over the 'Don't Say Gay' law has led to this shift, which includes scrapping a $1 billion project in Orlando. However, the company is now focusing on its Disneyland Forward project in Anaheim, California, which is expected to generate $253 million annually and create 2,200 new jobs. This could potentially offset any negative impact from the shift in expansion plans.
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