Disney investing $864 million for new Florida campus

Disney investing $864 million for new Florida campus with more than $570 million that could come back to Disney over two decades in the form of tax breaks. Disney applied for the credit and was approved in February of last year. They will see the return from Florida’s Capital Investment Tax Credit program. So now we know this move from California was years in the making. In case you are wondering how all this info was collected, The Orlando Sentinel requested and received data from the State Department of Economic Opportunity.

“Taxpayer intends to establish a regional campus that will take this international enterprise into the 21st century with a state-of-the-art modern overhaul of the operational software systems that help drive the success for this company to create an efficient management system,” the application states, revealing that the new headquarters could be as large as 400,000 square feet.

Related: Disney Confirms 2000 jobs being moved from California to Florida

Throughout the next 18 months, The Walt Disney Co. will move roughly 2000 jobs from its California headquarters to a new community in Southeast Orlando. Lake Nona will house a Disney campus that will be home to Disney Imagineers and other professionals. No specific location has been chosen for the Lake Nona project yet.

Related: Celebrate 100 Years of The Walt Disney Company with Exhibit Launching in 2023

We can report that Disney wrestled back $8 million in property taxes from Orange County. Walt Disney World filed a tax grievance arguing that the assessed value of their theme parkland was inflated between the years 2015 and 2020. The park paid the taxes and contested them in court, with a settlement expected to pay to the tune of multiple millions per year. Funds were held in reserve by the county, anticipating a potential Disney victory.

Let our friends at Destinations to Travel help you book your next Disney Vacation. They are the preferred Travel Agency of Chip and Company and Disney Addicts, and who we use ourselves.

Get started below for your FREE No Obligation Quote.

Book With our friends at Destinations to Travel

Name(Required)

First Last

Email(Required)

Phone(Required)

Destination(Required)

Walt Disney WorldDisneyland ResortDisney Cruise LineAulani, A Disney Resort and SpaAulani, A Disney Resort and SpaUniversal FloridaUniversal HollywoodRoyal Caribbean, Carnival, Norwegian or other Cruise LineI don't know yet

Departure Date(Required)

MM slash DD slash YYYY

Comments, Questions or Special Requests

Phone

This field is for validation purposes and should be left unchanged.

Δ

For the BEST in Disney, Universal, Dollywood, and SeaWorld Theme Park News, Entertainment, Merchandise & More follow us on, Facebook, Instagram, and Youtube. Don't forget to check out the Chip and Company Radio Network too!