Netflix is inching closer to building a huge production studio on the Jersey Shore.
When Fort Monmouth was closed down years ago, there were few plans in place to fill the void. Fort Monmouth had been a cornerstone of Monmouth County’s economy for such a long time. After nearly a century of operation, Fort Monmouth was finally closed in 2010. But that wasn’t the end of the story. Now, based upon a number of reliable sources, it appears that Netflix is looking to move in and to build out a high tech production studio. This could be the beginning of a new cornerstone in the Garden State’s business economy.
Outside of New York City being the hub for theatrical productions, this could put the Jersey Shore on the map for motion pictures. In some sense, locating a motion picture studio on this side would make a lot of good business sense: New York City attracts some of the biggest and best television talent, New York City also attracts some of the best artistic and theatrical talent, which would make a lot of sense providing a great artistic population from which to draw. In addition Fort Monmouth is less than 30 miles to Newark International Airport, giving it global access. Obviously, Netflix is looking for both technical talent and artistic talent, both of which this region represents.
According to some reports, the potential tract of land is approximately 300 acres and it resides within the boroughs of Oceanport and Eatontown.
The Fort Monmouth Economic Revitalization Authority appraised the tract of land to be $54 million, but according to some anecdotal reports, a number of developers previously offered in excess of $100 million for simply 89 acres of the 1,100-acre Army base. Were Netflix to clear all the hurdles, this would represent the second biggest production complex in the Netflix organization. It has one other location in New Mexico and also a studio in Bushwick, Brooklyn.
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