Disney Scraps $867M Florida Plan

USA – The Walt Disney Company has announced that it is scrapping a plan to invest nearly $1billion to build a new corporate campus in Florida.

The cancellation was announced in an internal email to employees, including some who had relocated to Florida ahead of the campus’ opening, on Thursday.

The plan would have seen about 2,000 employees relocate to a Disney-owned town centre near Orlando.

The reversal comes amid an escalating feud between the entertainment giant and the state’s republican-led government headed by Ron Desantis.