In 2020, with Ron DeSantis as governor, Florida approved up to $570 million in tax credits for The Walt Disney Co. for a regional campus in Orlando. But Disney backed out of the deal as their feud escalates.
ong dispute with Florida Gov. Ron DeSantis. By walking away, Disney forwent a chance to earn up to $570 million, a historic sum, in tax credits.Disney-related criticisms from DeSantis' expected rivals for the GOP presidential nomination; DeSantis is expected to announce a run for president, perhaps as soon as next week., former South Carolina Gov.
Disney had planned to invest as much as $864 million to build a regional headquarters in Orlando, Florida’s Lake Nona community and move at least 2,000 employees, with average salaries of $120,000, from California. Before the cancellation, it had appeared the project was moving forward, albeit on a delayed schedule.in June 2022 that the project’s finish date had been pushed back about three years to 2026 to accommodate construction delays and give more flexibility to employees who are relocating. A company spokesperson denied the delay was because of Disney’s conflict with DeSantis.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney scraps plans for new Florida campus as fight with Gov. Ron DeSantis continuesThe Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California.
Read more »
Disney scraps plans for new Florida campus as fight with Gov. Ron DeSantis continuesThe Walt Disney Co. announced Thursday that it was scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development.
Read more »
Disney scraps plans for new Florida campus as fight with Gov. Ron DeSantis continuesThe Walt Disney Co. announced it is scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California. The decision follows a year of attacks from Gov. Ron DeSantis and the Legislature.
Read more »
PolitiFact - Disney cancels plans for Florida campus amid feud with Ron DeSantis, forgoing historic tax incentiveIn 2020, with Ron DeSantis as governor, Florida approved up to $570 million in tax credits for The Walt Disney Co. for a regional campus in Orlando. But Disney backed out of the deal as their feud escalates.
Read more »
Disney scraps plans for new Florida campus as fight with Gov. Ron DeSantis continuesThe Walt Disney Co. says it's scrapping plans to build a new campus in central Florida and relocate 2,000 employees from Southern California to work in digital technology, finance and product development.
Read more »
Disney scraps plans for $1 billion Orlando project amid feud with Florida Gov. Ron DeSantisAs a result of the decision, Disney executive Josh D’Amaro said the company will no longer be asking some employees to relocate. Disney says it will also work with employees who have already moved to Florida, and discuss the possibility of moving back.
Read more »