Disney announced on Thursday that it canceled plans for a new campus near Orlando, Florida.

The development was planned for the Lake Nona region.

“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 with construction of the campus,” Disney said in a statement.

[Some will argue that this is payback from Iger to DeSantis, and it might be. However, Disney’s also laying off thousands of workers and taking a bath on its streaming services, and now it looks like Disney will need capital to buy out Comcast’s share in Hulu next year. In any case, after thousands of layoffs, the last thing Disney needs is more office space without revenue support. I suspect this is more about “changing business conditions” than it its about DeSantis. — Ed]