A LOT has happened within the Walt Disney Company over the past month after Bob Iger stepped back into the role of CEO of the company after Bob Chapek stepped down. That means that a lot might change moving forward.
Disney World entrance
Back in 2021, Disney purchased land in the Lake Nona region of Orlando to build a campus to relocate thousands of the company’s employees there. Disney later announced this was delayed, and after Iger stepped back in as CEO, he stated that he had not yet made a decision on it. Now, though, we have our latest update on the project.
According to The Orlando Business Journal, Disney’s relocation of some 2,000 employees to Lake Nona is still moving forward. The development company behind the Lake Nona area, Tavistock, has made a statement. The company’s Vice President of Strategic Communications Jessi Blakely said that more updates about the Disney move would be coming in 2023.
Lake Nona Town Center ©Lake Nona
Blakely said, “In the short-term future, things are moving along with Disney very well. I do expect that there will be news in the coming year around that project.”
However, the site Disney bought for its Campus in Lake Nona has shown no signs of construction progress recently. The original plan was to move those employees to the area by 2026, but until we have more information, that date may change.
Obtained Via the Orlando Business Journal
We’ll have to wait and see what Iger’s next move will be — if the relocation delay gets longer, he may not be CEO when the move is scheduled to take place. However, Iger could still play a vital role in deciding if and when Disney makes that move, so we’ll have to keep an eye out for more details in the future.
Bob Iger Is Back at Disney — Here’s What Can Change (and What Won’t)
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For the 2000 who move, it will be a nice pay raise since they no longer have to waste their paycheck on California Income Tax.
Yes, al, it’s true that their tax bill will decrease, but in return they will get much less in the way of services — worse roads, worse schools, worse health care, worse housing, worse law enforcement and so on. Funny that.
This will only affect those who want to move. The good thing is that they will making much higher California wages compared to Florida;s low wages. Also, employee’s who own a home will be able to buy a bigger new home for cash as Central Florida homes are so cheaper compared to the Southern California market. But then again, that is if you want to live in Florida.
In summer 2021, Josh D’Amaro told 2000 employees that they had 90 days to agree to move to Florida or quit their jobs. Many, possibly hundreds, left the company rather than agree to move. 2000 employees are not moving to Florida. Only a handful actually went. This was just a way to force people with seniority out of their jobs and hire people cheaper in Florida.