Disney Cancels $1 Billion Project in Florida, but Not for the Reason the Media Wants You to Believe


In 2021, then-Disney CEO Bob Chapek announced an ambitious plan to move the company’s Imagineering division from Glendale, Calif., to the Lake Nona area of Orlando, Florida. A favorable business climate in the Sunshine State, paired with a similar atmospheric climate to California, made the idea sound like a no-brainer to Chapek.

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