Demolition is underway for Netflix’s long-awaited, $1 billion project to create a 1.1 million-square-foot studio campus at the historic Fort Monmouth property.
Netflix has taken a major step in its plan to build a 1.1 million-square-foot studio campus at Fort Monmouth, having secured a $387 million tax credit award under New Jersey’s Aspire program.
Netflix has secured two key local approvals for its plan to build a nearly $1 billion studio complex at Fort Monmouth, as it awaits a vote this week on what’s poised to be a lucrative tax credit incentive under the state’s Aspire program.
The plan to build a sprawling Netflix studio complex at Fort Monmouth received a fresh vote of confidence on Friday as Gov. Phil Murphy visited the property alongside the streaming giant’s co-CEO, touting the plan and New Jersey’s growing film and television industry.
New Jersey’s fast-growing film and television industry has created a boom in studio construction and a new market for commercial spaces that can serve as set locations, as state officials take new steps to help more municipalities reap the benefits.
State officials have approved Netflix’s bid to acquire nearly 300 acres at the former Fort Monmouth property, where it plans to build 12 soundstages totaling nearly 500,000 square feet and other facilities with a combined investment of more than $900 million.
Netflix has taken a major step toward building a sprawling production studio in New Jersey, emerging as the preferred bidder for some 300 acres at the iconic Fort Monmouth property.
A state agency is once again seeking offers for nearly 300 acres at Fort Monmouth, as it looks to bring another high-profile anchor to the historic former Army base.
Netflix has declared its intention to bid on nearly 300 acres of property at Fort Monmouth, where it reportedly wants to build a sprawling production studio after outreach by Gov. Phil Murphy.
