In May 2023, Disney announced that a $1 billion project the company planned for the Lake Nona area of Orlando was canceled.
Disney purchased land in the Lake Nona area of Orlando in 2021 to build a campus that would relocate thousands of Disney employees to Central Florida. They later announced that this plan was delayed as of June 2022 and the move was again delayed for over 3 years — before the official announcement was made pulling the plug on the project.