The plan would have created more than 2,000 jobs for the state.
Topline
Amid an ongoing culture war with Gov. Ron DeSantis (R-Fla.), a likely Republican presidential candidate, Disney has canceled an ambitious $1 billion plan for Florida that would have created more than 2,000 jobs for the state.Key Facts
The project, known as the Lake None Town Center, has been in the works since 2021 and would have relocated employees, mainly those in its theme parks division, from Southern California to Central Florida in an effort to capitalize on a Florida tax credit that would have allowed Disney to regain nearly $600 million over 20 years for the move, the Orlando Sentinel reported.
Hundreds of employees have already relocated to Florida for the plan and will be given the option of moving back, people familiar with the matter told the Wall Street Journal.
