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Disney pushes back completion date for Lake Nona campus, reports say – WFTV

VIDEO: Disney pushes back completion date for Lake Nona campus, reports say Disney pushes back completion date for Lake Nona campus, reports say

ORANGE COUNTY, Fla. — Disney said construction on its Lake Nona campus won’t be complete until 2026, two years later than expected, according to reports.

Last July, it was announced that Disney planned to invest $864 million in a campus to build and expand its presence in Central Florida.

About 2,000 jobs are expected to be transferred from California to the Lake Nona community of Orlando. The Disney campus will house imaginers and other professionals, and the jobs will bring in an average of $120,000 a year.

READ: Here’s what’s happened so far with Disney’s move to Orlando

Previous timelines suggested the move could have taken place by the end of 2024.

A Disney spokesperson told Channel 9 partners at the Orlando Business Journal on Wednesday that plans had changed.

“While a growing number of our employees, who will eventually work on campus, have already moved to Central Florida, we also want to continue to provide flexibility for those moving, especially as the completion date planned campus is now in 2026,” the statement read. “Therefore, where possible, we are aligning the relocation period with the completion of the campus.”

READ: Disney confirms plans to build campus in Lake Nona, move 2K jobs here

Tavistock Development Company is in charge of construction on the Lake Nona campus.

Channel 9 reported this week that the chairman of Tavistock said that by building in Lake Nona, Disney would become part of the smart city where cutting-edge ideas turn into realities.

READ: What would disbanding Disney’s Reedy Creek mean for local ratepayers?

Tavistock could not be reached for comment.

Disney is on track to get more than $570 million in tax credits to move jobs here. The capital investment tax program would run for 20 years. It would be one of the largest tax breaks in state history for a single corporation.

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