Disney nixing Lake Nona campus will have ‘economic toll,’ expert says

ORLANDO, Fla. — There has been a lot of mixed reaction after Disney made the major announcement to pull the plug on its $1 billion Lake Nona campus.


The move would have relocated 2,000 high-paying jobs from California to Central Florida.

Some have expressed concern that if Disney is able to pull out like this in the middle of a back-and-forth with the state, there’s worry other companies might too.

RED: Disney pulls the plug on its $1B Lake Nona campus in Orlando

Former state Rep. Bobby Olszewski said there’s no doubt Disney reversing its plans to bring the project here will have a financial impact.

“This is a very big deal for Central Florida,” he said. “There’s an economic toll not only for today but for years and possibly even decades to come, and obviously the tax impact on Orange County local government are going to be immense.”

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The Lake Nona campus was announced in 2021.

Disney officials said the business move was just that, even though CEO Bob Iger warned last week that Gov. Ron DeSantis’ ongoing battle with the company would have consequences.

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