Florida Sues Planet Hollywood For Failing to Create Jobs In Orlando
Planet Hollywood, the iconic Disney Springs eatery is finding itself in a bit of hot water for failing to comply with an agreement to bring local jobs to Disney World’s Downtown Shopping District. According to a recent piece in the Orlando Sentinel, the company is being sued by the State of Florida who alleges the company did not comply with requirements after receiving $288,000 in state incentives to add jobs in Orlando.
The lawsuit was filed last month by the Florida Department of Economic Opportunity in Leon Circuit Court. The suit argues that the restaurant and hotel company is in breach of contract.
Back in 2011, then Governor Rick Scott approved the funds in question for Planet Hollywood International as part of Florida’s Quick Action Closing Fund. This program offers financial incentives to companies who create jobs in the state. At that time the Buca di Beppo restaurant chain was considering moving their headquarters to Orlando and agreed to meet job-creation benchmarks and file regular reports.
However, the state argues that the company did not submit reports or comply with the required monitoring procedures. As a result, the agreement was terminated in 2016 and the state demanded repayment but as of going to print has yet to receive reimbursement from the company.
This is a story that we’ll be watching closely here at MickeyBlog so keep following along for the latest news and updates!
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Source: Orlando Sentinel