Rumor Confirmed: Disney To Move About 2K California Employees to New Florida Campus

Walt Disney Company Stock Dropping

Previously we reported that it was rumored the Walt Disney Company would be moving some of their staff from California to a new campus in Florida. According to a letter sent out to employees by Chairman of Disney Parks, Experiences and Products, Josh D’Amaro, this is no longer a rumor.

In a the letter he said that this move would allow consolidation of teams in a “business-friendly environment.”

“Expanding our already significant [Disney parks, experiences and products] footprint in Florida makes sense. In addition to Florida’s business-friendly climate, this new regional campus gives us the opportunity to consolidate our teams and be more collaborative and impactful both from a creative and operational standpoint.”

He also said:

“Florida is known for its rich culture of hospitality and active lifestyle as well as a lower cost of living with no state income tax.”

So it’s cost cutting measures by Disney. Plus it seems they’re worried about business shut downs in California again.

The rumored location for this new compound has been Lake Nona.

Currently Disney is still deciding which employees will be relocated and they will have 18 months to move and they will be offered moving assistance.

This shift has been rumored since early this year with alleged talks happening between the Walt Disney Company and developer Tavistock Development Co. LLC.  According to The Orlando Magazine back in April the developer was looking to

develop 4,192 residential units and $2.4 million square feet of nonresidential space in an 1,800-acre area west of Narcoosee Road, north of Boggy Creek Road and east of Hidden Trail Road, according to city of Orlando documents.”

The proposed building would be an:

“..eight-story, 278,917-square-foot proposed office building at 13410 Veteran’s Wayas part of the Lake Nona Town Center. The estimated $35 million-$40 million project may take nearly a year-and-a-half to build

At this point we don’t know what’s confirmed and what isn’t about the location and the building, but we do know that the Walt Disney Company is sending more of their staff to the Orlando area.

What do you think? Comment and let us know!

Sources: KTLA, LA Times, Orlando Magazine

Pirates & Princesses (PNP) is an independent, opinionated fan-powered news blog that covers Disney and Universal Theme Parks, Themed Entertainment and related Pop Culture from a consumer's point of view. Opinions expressed by our contributors do not necessarily reflect the views of PNP, its editors, affiliates, sponsors or advertisers. PNP is an unofficial news source and has no connection to The Walt Disney Company, NBCUniversal or any other company that we may cover.