Disney has canceled a $1 billion plan to expand its Orlando, Florida, operations amid its escalating war with Gov. Ron DeSantis.
Disney CEO Bob Iger announced the move to the media on Thursday. Last week during an earnings-related call with analysts, the exec wondered, “Does the state want us to invest more, employ more people, and pay more taxes, or not?”
The 10-figure office complex near Walt Disney World would have brought more than 2,000 jobs to the region, according to an estimate from the Florida Department of Economic Opportunity.
Disney previously planned to build the Lake Nona Town Center for more than 1,000 employees set to be relocated from the company’s Southern California offices. The employees were mainly from Disney’s prestigious Imagineering team, which works to develop theme park attractions.
When Disney’s Josh D’Amaro, the theme park and consumer products chairman, announced the plan to move east in 2021, he cited “Florida’s business-friendly climate.”
While some employees went as far as quitting ahead of the proposed move, about 200 Disney employees had already relocated to Florida from California.
Disney’s decision is the latest in an ongoing battle between the company and DeSantis as he pushes his anti-LGBTQ agenda.
The likely 2024 Republican presidential candidate began to target Disney after the company expressed opposition to his so-called “Don’t Say Gay” bill in March 2022.
In March of this year, the company sued DeSantis for trying to whittle away at Walt Disney World’s autonomy in “a targeted campaign of government retaliation.”
The cancellation of Lake Nona Town Center also comes as Disney is looking to trim its costs. In February, the business announced its plans to lay off 7,000 employees in an effort to cut $5.5 billion from its spending.
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