DeSantis' attacks on Disney threaten $17 billion of investment and 13,000 new jobs at Disney World over the next decade


The attacks that Governor DeSantis launched on Disney reportedly threaten $17 billion worth of investment and around 13,000 new jobs over the next 10 years, according to CEO Iger.
Florida Governor Ron DeSantis and Disney CEO Bob Iger.Photo byFlickr

According to CEO Bob Iger, the reported onslaught by Florida Governor Ron DeSantis against Disney jeopardizes approximately $17 billion in investment and the creation of around 13,000 new jobs within the next decade.

During an investor call that took place recently, Iger came to Disney's defense amid the State's endeavor to seize authority over the special taxing district responsible for Disney World's zoning determinations.

CEO Iger said in his own words:

We have a huge opportunity to continue to invest in Florida. I noted that our plans were to invest $17 billion over the next 10 years, which is what the state should want us to do. We operate responsibly. We pay our fair share of taxes. We employ thousands of people there."

Although Iger refrained from directly referencing DeSantis or explicitly indicating a reconsideration of Disney's intended investments, he believed that Florida's actions towards the company were unjust.

He questioned whether the state desired increased investments, job opportunities, and tax contributions from Disney or not.

As of Thursday, there was no immediate response from Disney's spokespersons regarding whether the company is contemplating abandoning its intended $17 billion investment.

For numerous years, Disney has held dominion over a special taxing district with authority over zoning determinations within and adjacent to Disney World.

In an attempt to grant state-appointed officials control over the board, the state's efforts were preempted by the Disney-appointed board, resulting in Disney obtaining long-term control over the powers customarily bestowed upon the district.

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