Details Of New Netflix Studios Monmouth At Former New Jersey Army Base Unveiled: $850 Million Investment, 12 Sound Stages
deadline.comNetflix will pay $55 million for a big parcel of land in New Jersey, then invest $850 million to build a state-of-the-art production studio, according to details of the streamer’s bid.
The Fort Monmouth Economic Revitalization Authority is expected to approve the project at a meeting this evening. The 289-acre site of Netflix Studios Fort Monmouth, a former army base, would be one of the largest fully integrated production facilities in the world and a very close second to Netflix’s biggest U.S.
production hub in Albuquerque, New Mexico, which totals 300 acres. NJ Governor Phil Murphy has a veto period, but the pol has been pushing very hard to bring production to the Garden State with tax credits and other incentives.
Some three to six months of due diligence by county and state authorities would follow before work on the site could begin on the new studio, with 12 sound stages, back lots and production support.
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