Disney is canceling plans to build a nearly $900 million corporate campus in Lake Nona, Florida, citing “changing business conditions.”
Josh D’Amaro, chairman of Disney’s parks, experiences, and products division, announced the decision to scrap plans to build the campus, which would have housed roughly 2,000 employees, in an email to workers on May 18.
The email was shared on social media and widely reported.
“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,” D’Amaro said. “This was not an easy decision to make, but I believe it is the right one. As a result, we will no longer be asking our employees to relocate.”…