Yes, Disney pulled plug on $1 billion Florida project but not its future plans. What to know.

The latest move is the escalation in which a division from California, expected to bring 2,000 jobs and a new office complex, would relocate to the Orlando area. Disney announced on Thursday that it has pulled the plug on its $1 billion investment in Florida, due to a year-long feud between Governor Ron DeSantis and Disney.

Disney has filed a lawsuit against DeSantis in April, criticizing the government’s actions as clearly unconstitutional, blatantly anti-business, and unmistakably retaliatory. The company claims that the governor orchestrated a deliberate effort of government retaliation, endangering its business and infringing upon its constitutional rights.

Many highly-paid theme park designers included Florida to be transferred to jobs. The cancelation is a major blow to Central Florida’s economy.

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As many as 2,000 workers would have moved from Southern California, and recent cost approximations indicated that the expenditure amounted to approximately $1.3 billion. The Disney venture that is being abandoned is situated close to Lake Nona Town Center.

The particular group was encompassed within a section of the Imagineering department, recognized as the team accountable for collaborating with Disney’s film studios to create theme park attractions.

Disney World’s Star Wars: Galactic Starcruiser will embark on its last journey this autumn.

Will Disney eventually pull out of Florida?

Nothing can be ruled out, but Disney would have to spend an incredible amount of resources to completely pull out of Florida.

During a recent quarterly call with CEO Bob Iger, it was mentioned that the company employs more than 75,000 people in Florida. Disney also owns approximately 25,000 acres of land in Florida, which is equivalent to about 39 square miles.

In an email from Josh D’Amaro, the executive overseeing Disney’s parks, it was noted that the company has planned investments of $17 billion over the next decade. These investments are expected to create approximately 13,000 jobs.

Are Disney relocating to Georgia? The feud between DeSantis and Disney sparks online rumors.

In April, a satirical story prompted people to ask if Disney was leaving Florida for Georgia, as they planned to relocate their Disney World theme park to a 1,000-acre parcel of land in Atlanta, Georgia. However, these rumors of Disney pulling completely out of Florida have been completely unfounded.

The story also indicated that the new Atlanta park would include many iconic original attractions, as well as a “tailored” area that resembles the new “Gone with the Wind” ride at the World of Coca-Cola exhibit and showcases the Atlanta Braves baseball experience.

Additional credible media sources were also acknowledged, and the platform’s satire, as labeled, quickly discredited the story, which was published on Medium by Snopes.

Why was Disney relocating this department to Florida?

As part of the plan, the move was to recoup about $570 million over the next 20 years through a tax credit in Florida.

Disney vs. DeSantis feud

The “Don’t Say Gay” bill, alternatively known as the Parental Rights in Education Act, was endorsed by DeSantis in March 2022, sparking the conflict between DeSantis and Disney, as claimed by adversaries.

The legislation in Florida classrooms banned teaching about sexual orientation and gender identity. Comparable conversations in upper levels were restricted to topics that are considered suitable for students of a specific age or stage of development, in alignment with state guidelines. The initial focus was on kindergarten through third grade.

Nevertheless, on April 19, the Florida State Board of Education decided to broaden the legislation to encompass all grade levels.

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Disney criticized the Florida Democratic Party, one of the leading employers in Florida, for their lack of response to the issue, which resulted in a walkout by their LGBTQ employees.

Disney changed their stance and became a target after then-CEO Bob Chapek started to advocate against the legislation.

During a meeting in March 2022, Chapek informed Disney shareholders that he spoke with Governor DeSantis earlier today to convey our dissatisfaction and apprehension regarding the possibility that if the legislation is enacted, it may be employed to single out homosexual, homosexual, gender nonconforming, and transgender children and families.

He said, “If they explain how they are going to possibly line their pockets with the Communist Party of China, then they are going to die on that hill. They are going to criticize the fact that we don’t want transgenderism in first-grade and kindergarten classrooms, they are going to criticize parents’ rights, and they are going to say that companies like Disney are going to lash out at supporters of a group they obtained a video from, as obtained by Fox News Digital.”

Why is Disney suing DeSantis?

In line with the company’s position, DeSantis summoned the Legislature for a special session in order to revoke Disney’s autonomous status and assume authority over the special district that oversees Disney’s properties in Central Florida. DeSantis and Disney have been engaged in a bitter dispute ever since the company voiced its opposition to HB 1557, also referred to as the Parental Rights in Education law, which has been criticized by opponents as the “Don’t Say Gay” bill.

Inspectors under the purview of the state have signed a bill that also nullifies those agreements, prompting Governor DeSantis to initiate a general investigation and sidestep the state’s oversight, allowing the company to bypass the restrictive covenants and development agreement through which Disney pushed, even though the law took effect shortly before that.

The oversight board appointed by DeSantis also decided to invalidate Disney’s actions, which led to a lawsuit filed by the company.

Disney sues DeSantis: The legal action by Disney claims that Governor Ron DeSantis of Florida has been involved in a ‘targeted campaign of governmental reprisal’.

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The lawsuit filed by the company claims that DeSantis orchestrated a “focused effort of government reprisal” directed at Disney. The government’s actions, which it characterizes as clearly retaliatory, clearly detrimental to business, and clearly unconstitutional, are what DeSantis is accused of using to endanger the company’s operations and infringe upon its constitutional rights.

The lawsuit claims that Disney’s constitutional rights, as stated by DeSantis, were violated in five distinct ways, including two instances of free speech infringement, a violation of property rights, a violation of due process, and a breach of the contracts clause.

Bob Iger, the CEO of Disney, has also been outspoken in condemning the state’s actions against his company.

On the earnings call last week, Iger questioned, “Is the state interested in us increasing our investments, expanding our workforce, and contributing more to taxes?”

Disney World’s email notes that the company still plans to invest $17 billion over the next decade, which would create approximately 13,000 jobs.