The tit-for-tat between The Walt Disney Company and Florida Gov. Ron DeSantis escalated further on Thursday, when the entertainment giant abandoned its plans for a new Florida campus in Orlando that would have brought some 2,000 jobs to the state.

Josh D'Amaro, chairman of Disney Parks, Experiences and Products, told employees in a letter provided to FOX Business that the company is no longer moving forward with its office development in Lake Nona, citing "new leadership and changing business conditions."

According to The New York Times, which first reported the news, the project was a nearly $1 billion investment.

This is a developing story and will be updated.