Report: Disney Looks To Move Some CA Ops to FL

Disney is said to be considering moving some of its California operations to the Sunshine State.

The Orlando Journal reports that there are discussions underway for Disney to move some of its divisions.

The news comes as numerous companies announce moves out of California and into   lower tax, business friendly states like Texas and Florida. Tesla, Oracle, and Hewlett-Packard all recently announced plans to move from California to Texas.

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California is one of the hardest hit states right now with a Covid-19 infection rate that is the second highest in the country. Businesses are operating under increased regulations and the Disneyland Park in Anaheim has been closed since March.

Globally, the parks have suffered as a result of the pandemic. Resorts in Orlando, Shanghai, Hong Kong, Paris and Tokyo have all struggled with closures as a result of coronavirus.

Nonetheless, Walt Disney World Resort in Orlando, Florida was able to reopen in July, 2020 and has remained open amid a series of health requirements.

No Disney executives have commented on the news and the Orlando Journal stresses that the talks are still preliminary. If the relocation goes through, it is expected to be one of the largest real estate deals for the region.

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