• Netflix wants to dedicate 300 acres of the former Fort Monmouth for film and TV production.
  • The Hollywood streaming giant says it could create between 1,400 and 2,200 jobs annually.
  • Netflix will have at least 18 months before closing on the property and starting construction.

OCEANPORT – Lights, Camera, Netflix!

netflix, that 18 months kept Shor on pins and needles because of his plansbuys Fort Monmouth mega parcel for $55 million to build state-of-the-art manufacturing.

two months ago Netflix broke protocol when it announced that a bet had been selected in a pool of several developers vying for the fort’s mega parcel, a sprawling 300-acre site in parts of Eatontown and Oceanport.

However, it was finally confirmed Wednesday when the Fort Monmouth Economic Revitalization Authority voted to enter into a sales agreement with the streaming giant to buy the Mega Parcel, in what FMERA is calling a Sale and Redevelopment Agreement.

In doing so, Netflix said it is investing more than $850 million to build one of the largest production facilities in the world, with 12 sound stages, support production facilities and lots similar in size and scope to the studios in New Mexico. It will use the studios to produce high-quality series and films, including original ones. The production will also feature on the state’s scenic walls from time to time.

An artist rendering of Fort Monmouth's proposed Netflix Studios.

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On top of that, Netflix estimates it will receive $7.4 billion to $8.9 billion in production and construction over the next 20 years. The value added to New Jersey’s economy as a direct result of these activities over the same period is estimated to be between $3.8 billion and $4.6 billion.

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