The Walt Disney Company is withdrawing its decision to invest $864 million in a new Florida corporate campus. The project, which was initially anticipated to relocate more than 2,000 Disney employees primarily from its theme parks division to Lake Nona, Florida.

The news came from an email sent to employees by Josh D’Amaro, head of Disney’s Parks, Experiences and Products division since 2020, according to The Wall Street Journal.

D’Amaro stated that "given the considerable changes that have occurred since the announcement of this project, including new leadership and changing business conditions, we have decided not to move forward." Employees who had already relocated to Florida are now presented with the choice of returning to Southern California.