NJ Board Approves Netflix's Initial Phase for $903M Mega-Studio
Netflix Plans $903M Mega-Studio in New Jersey; Board Approves Initial Phase
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Netflix has received approval to develop a $903 million state-of-the-art production facility in New Jersey, transforming the former Fort Monmouth site into a hub for film and television creation.
The Oceanport borough planning board unanimously voted for the first phase of Netflix’s proposed film and television production studio at the 289-acre former Fort Monmouth site, NJ.com reported.
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A Netflix spokesperson said Tuesday that the planning board’s approval “demonstrates that the community shares our enthusiasm for building a new studio in New Jersey, the birthplace of the modern film industry.”
The initial phase will encompass four soundstages spread across a 29-acre area in Oceanport and Eatontown, designed to accommodate actors and production crews within a secure, enclosed campus. Netflix plans to invest an additional $848 million to expand the complex with office spaces, production services, a helipad, and visitor attractions. Supported by state tax incentives and a commitment to operate the studio for at least ten years, construction is expected to start by the end of next year.
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