Letters from an American
•
8 HN points
•
19 May 23
Citing “changing business conditions,” Disney leadership today canceled plans to build an office complex near Orlando, Florida. The construction was estimated to cost about $1 billion, and the Florida Department of Economic Opportunity projected it would bring to Florida more than 2,000 jobs with an average salary of $120,000. In his email to employees, Disney’s theme park and consumer products chair Josh D’Amaro made it clear that even more was on the line. He noted that Disney has planned more than $17 billion of construction in Florida, bringing about 13,000 jobs, over the next ten years but suggested that, too, was being reexamined. “I hope we’re able to,” he said.