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Disney Drops Plans to Build New Florida Campus

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Posted By: Dreadnought, 5/18/2023 3:51:27 PM

Disney will no longer be moving forward with plans to build a new Disney campus in Lake Nona, Florida. In a memo sent to employees Thursday, Josh D’Amaro, chairperson of Walt Disney Parks and Resorts, said Disney would not be moving forward with construction of the campus due to “considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions.” As a result, Disney is no longer asking employees to relocate there, though D’Amaro notes that some of the planned 2,000 had already moved. “This was not an easy decision to make, but I believe it is the right one.

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Reply 1 - Posted by: Dreadnought 5/18/2023 3:52:32 PM (No. 1472438)
But wait! There's more! The news just broke that Disney is closing their massive flop, Star Wars: Galactic Starcruiser. They are trying to hint this is due to DeSantis, but Disney has driven itself into deep financial hurt.
46 people like this.

Reply 2 - Posted by: Mcscow sailor 5/18/2023 3:58:46 PM (No. 1472443)
Fl does not need more people
35 people like this.

Reply 3 - Posted by: DVC 5/18/2023 4:07:24 PM (No. 1472450)
Good news. Less Disney harm coming to Florida.
41 people like this.

Reply 4 - Posted by: padiva 5/18/2023 4:21:46 PM (No. 1472463)
If you were one of the affected employees, would you rather live in CA or FL?
10 people like this.

Reply 5 - Posted by: AltaD 5/18/2023 4:23:53 PM (No. 1472467)
Big win for Florida! The state does not need 2,000 Californian Democrats (and their "partners").
38 people like this.

Reply 6 - Posted by: RWPollock 5/18/2023 5:11:00 PM (No. 1472483)
So, Disney, it is better to sulk and make a bad business decision in order to prove a point. The tax breaks are better in Florida for businesses and people living there than in California. Home prices are more affordable than in California. Crime, homelessness, immigration, traffic, and EV mandates are not as major of issues in Florida as they are in California, if at all. People flock to Florida for vacations and to live from all over the world and country. To make a money-saving move when admittedly profits are down, especially for streaming services, makes sense. Staying in California over the long haul does not make any sense at all, especially when California has a governor that would like to impose hefty penalty taxes for people and businesses leaving the state and a political climate brewing for funding slavery reparations. Really staying in California makes good business sense? I doubt it.
18 people like this.

Reply 7 - Posted by: downnout 5/18/2023 5:38:10 PM (No. 1472499)
Good! Thank you, Governor.
17 people like this.

Reply 8 - Posted by: Starboard_side 5/18/2023 7:11:07 PM (No. 1472554)
A friend of mine moved there as part of the earliest movers, and loves it. Sold his house for over a million, and bought for less than half of that, so he has a nice nest egg now. What Iger likely means is they don't control Reedy Creek any longer as far as change in leadership.
13 people like this.

Reply 9 - Posted by: mc squared 5/18/2023 7:23:21 PM (No. 1472559)
Great news!
13 people like this.

Reply 10 - Posted by: MickTurn 5/18/2023 10:37:24 PM (No. 1472700)
Walt is rolling over in his grave. Disney as a company are OUT OF CONTROL!
8 people like this.

Reply 11 - Posted by: chance_232 5/19/2023 5:59:24 AM (No. 1472832)
Disney has been in a state of moral decline for several decades now. It's no coincidence that failing fortunes is linked to failing morality. Disney was at its height when it's brand was wholesome, moral and pro-American. The company has been losing billions and laying off thousands. DeSantis is a convenient excuse to halt a billion dollar expansion, when in fact is that Disney just can't afford it.
13 people like this.

Reply 12 - Posted by: paral04 5/19/2023 7:59:28 AM (No. 1472886)
We have enough tourists jamming up our highways. Glad to see them not expanding.
6 people like this.

Reply 13 - Posted by: skacmar 5/19/2023 8:21:07 AM (No. 1472901)
Disney is having a temper tantrum because they can't have their way. Disney's financial situation may have also changed due to their own poor decisions. The Star Wars hotel closing is Disney's own fault. Rooms are tiny and the prices are literally out of this world! Nobody can afford it. They are also trying to damage Gov DeSantis and his presidential run with bad press.
5 people like this.

Reply 14 - Posted by: Red Ghost 5/19/2023 8:49:16 AM (No. 1472926)
If Disney thought they could make money with this new project, the building would already have begun, DeSantis or no DeSantis. And quite frankly, they know DeSantis is termed out after this term, so he's not going to be governor forever. So, it ain't about the DeSantis and it ain't about the fraudulently misnamed "don't say gay bill." It's about Disney bleeding red ink because of their woke business decisions and they are not in the business of losing money. DeSantis is a useful smokescreen for their DEI, or rather DIE business decisions.
8 people like this.

Reply 15 - Posted by: LissaMD 5/19/2023 9:03:08 AM (No. 1472938)
I have been done with Disney since the day, 4 years ago, my youngest son returned from Military Deployment and there was no military discount for his park ticket. It's not the money......it's the devalue of what is American. As a transplant from the mid-Atlantic to Florida.....this makes me happy. Love our Governor!
7 people like this.

Reply 16 - Posted by: ARKfamily 5/19/2023 9:33:51 AM (No. 1472960)
I find all of this sad. Just like the bank failures, the people that lose out are the employees. The top dogs, like the CEO, all get their fair share but it is the employees who lose. And like #10 said, Walt Disney's creativity, ingenuity, fortitude etc. loses out. We have such a great, beautiful country and politics is dividing it.
2 people like this.

Reply 17 - Posted by: Rumblehog 5/19/2023 9:37:40 AM (No. 1472963)
I predict there will be a WHOLE LOT of things that the current Disney Corp. will be cancelling in the coming months, and not just in Florida. Walt Disney's vision has been hijacked by demonic influences and the ship of state has hit the rocks. I predict their stock will plummet soon from some previously undisclosed "bad news" and shareholders will panic. IOW, CEO "Igor" is using Gov. DeSantis ir order to lay off 2,000 Disney employees who had already relocated, something the Disney HR VP was urging him to do as a cost cutting move. Corporate execs are such snakes.
3 people like this.

Reply 18 - Posted by: DE01A13 5/19/2023 10:12:32 AM (No. 1473004)
Maybe, just maybe, Disney realizes like a lot of patriots that the stuff is about to hit the fan.
3 people like this.

Reply 19 - Posted by: Zigrid 5/19/2023 11:22:51 AM (No. 1473072)
I would like to remind Disney....GO WOKE....GO BROKE....WE grannies have cut their profits...no more free trips for my family....grannie is buying gold and storing her assets until WE can get the rats and their crazy woke men/dressed/as/women calling the shots....out of power.....
3 people like this.

Reply 20 - Posted by: udanja99 5/19/2023 11:41:28 AM (No. 1473090)
#16, don’t feel too bad for the employees. The vast majority of them are just as woke as Iger.
4 people like this.

Reply 21 - Posted by: ironchefw 5/19/2023 2:07:55 PM (No. 1473221)
Probably was just a 10,000 seat arena for 24/7 drag shows that Disney corporate just can't get enough of.
1 person likes this.

Reply 22 - Posted by: Zumkopf 5/19/2023 4:31:34 PM (No. 1473308)
Notice that Disney does not have, and never did have, a “Reedy Creek Business District” in California. No Zoning control, no unique tax abatements, no exemption from state safety and environmental control regulations. Florida has every right to exercise the same rules and regulations on Disney as on every other business in Florida — and as California does over Disneyland.
2 people like this.

Reply 23 - Posted by: ARKfamily 5/19/2023 4:32:21 PM (No. 1473309)
In response to #20, how on earth would I know that? I don't have information access to the people employed by Disney and I won't make a statement that I don't know to be true. I will restate my major point - Walt Disney's creativity, ingenuity, fortitude etc. loses out.
1 person likes this.

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