Gene Maddaus Senior Media Writer The Walt Disney Co. has scrapped plans to build a $1 billion office complex in Orlando, as the company continues to wage a political and legal battle with Florida Gov.
Ron DeSantis. In an email to employees on Thursday, Disney executive Josh D’Amaro said that “considerable changes,” including “new leadership” and “changing business conditions,” had led to the decision to cancel the project.
Disney had planned to move 2,000 employees to the Lake Nona complex once it was complete, mostly from the Imagineering division.
The company announced the project in 2021, and reports indicated it could have benefited from as much as $500 million in state tax incentives.
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