Disney announced on Thursday that it canceled plans for a new campus near Orlando, on Lake Nona region, Florida. “Given the considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions, we have decided not to move forward with construction of the campus,” the company said in a statement. The Lake Nona campus was announced in 2021. Since a conflict has developed between Disney and Florida’s Republican Gov. Ron DeSantis who is expected to officially enter the 2024 GOP presidential race next week.
Disney CEO Bob Iger told shareholders hat DeSantis and Florida’s legislature was putting at risk the company’s plans to invest $17 billion in Florida, and create 13,000 jobs. More, Disney confirmed Thursday that it would shut down its Star Wars: Galactic Starcruiser resort at Disney World just over a year after it opened. Disney is headquartered in Burbank, California, but operates a number of satellite offices across the country and the world.