FALLOUT: Disney Scraps Plan for $900 Million Florida Campus, Closes ‘Star Wars’ Adventure Hotel.

Walt Disney Co. increase; green up pointing triangle has canceled two major investments in Florida, including reversing course on a potential $900 million office park, amid a high-profile dispute with state lawmakers and Gov. Ron DeSantis.

The company is halting plans for a new corporate campus in Florida that would have relocated more than 2,000 employees, mostly from its theme parks division, to the community of Lake Nona in Orlando.

Josh D’Amaro, head of Disney’s Parks, Experiences and Products division since 2020, said the Lake Nona project is dead. In an email to staff Thursday, he announced that employees will no longer be asked to relocate from Southern California.

The move to Orlando was supposed to be a cost-cutting move, now given up out of political spite. Given how badly Disney shares have performed over the last two years, you have to wonder when shareholders will revolt against the company’s petty and self-destructive decision-making.