CEO Bob Iger is hosting a town hall meeting today to discuss the company’s future and addressed the Lake Nona relocation. At this time, Iger is not prepared to change the current plan.
As it stands, the relocation of Imagineering to Lake Nona, Florida, has been delayed until 2026. Iger stated that he has not made a decision and will look into the potential ramifications of relocating versus staying in California.
The Lake Nona campus was to house Walt Disney Imagineers and more professionals in the Disney Parks, Experiences and Products division who are not fully dedicated to Disneyland. The 2,000 positions would represent less than 5% of Disney’s total jobs in California.
The project was expected to total over $864 million, with $624 million of the funds going to equipment and furniture for the new campus, which is estimated to be 300,000 to 400,000 square feet. They were also set to build an age-restricted community in Sunbridge to help alleviate local concerns about housing shortages.