The Walt Disney company has decided to suspend its ongoing development plan in Florida which was worth one billion dollars. According to the sources it is important to understand that the company was planning to build a massive corporate campus in Florida but now it has withdrawn all the funds from the state. According to the sources the company is facing a legal dispute with the governor of Florida for the time being due to which all the developments have been suspended. The company had plans to build a corporate campus in order to provide employment to 2000 employees and team members in Florida for designing fantastic theme parks and rides. But the composition of Management has changed and even their plans and ideologies have been amended to a great extent. According to the sources Disney has reconsidered the entire plan once again and has decided to change the existing terms in conditions of this agreement which it signed with florida for the development of this campus.
This project was likely to inject 864 million dollars into the economy of Florida. This company has already provided appointments to 75000 workmen of the state so far. This particular Resort was able to provide employment to 13000 men. The company has also withdrawn the development of this resort for the time being in the light of the existing legal dispute between the two. The Disney company and the governor of Florida have been fighting each other since 2022. All of this started when Florida passed a law according to which all the schools and educational institutions are prohibited from teaching the subject of sexual orientation and general identity till the third standard. Disney has been against this bill from the beginning and has tried to convince the Government of Florida to take back or amend this bill so that an inclusive world can be developed for all. But the Governor has not decided to give in to any of the arguments which have been presented by the company and the dispute has finally gone to the court.
The governor of Florida has decided to take action against the company for withdrawing its investment despite the execution of the agreement. The company has been criticizing the laws and has also challenged the constitutional validity on the grounds of being against the rule of law and equality. The decision of the legal battle has not been yet disclosed but in the middle of all of this the investment made by the company in the state has been suspended and this will definitely put the state in a tough crisis. Florida economy has been currently affected due to all of these developments to a great extent and even due to the impendingeffects of recession