No. of Recommendations: 2
DIS today announced it is pulling the plug on a huge campus in Florida. Party moral-booster, part cost-savings, and partly a reaction to DeSantis.
"In an email to employees Thursday, Josh D'Amaro, head of Disney's Parks, Experiences and Products division since 2020, said the project is dead, and employees will no longer be asked to relocate from Southern California.
Hundreds of employees from the division have already relocated to Florida, and will be given the option of moving back, according to people familiar with the matter.
The Lake Nona initiative, which contemplated a capital investment by Disney of up to $864 million, was the brainchild of former Chief Executive Bob Chapek, who was fired by the board in November and replaced by Robert Iger, who had previously served as CEO from 2005 to 2020.
'While some were excited about the new campus, I know that this decision and the circumstances surrounding it have been difficult for others,' Mr. D'Amaro wrote. '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.'
https://www.wsj.com/articles/disney-ends-plans-to-... 