Disney Cancels Plans To Build Complex In Florida

The new office complex was set to relocate thousands of California-based employees to Florida.

Disney intensified its battle with Florida’s Republican Governor Ron DeSantis, and it cost his state two thousand white-collar jobs.

Disney is ditching plans to build a $1 billion office complex in Florida, citing ‘changing business conditions’.

The decision comes at a time when the company is openly in a feud with DeSantis.

The Florida governor said, it was ‘unsurprising’ that Disney would cancel the project due to the company’s financial status, falling market cap, and declining stock price.

Earlier this year, the company announced it would be cutting 7 thousand jobs and on Thursday it confirmed that it will be shutting down its ‘Star Wars: Galactic Star-Cruiser’ Resort at Disney World, just a year after it opened.

The new office complex was set to relocate thousands of California-based employees to Florida.