Netflix buys New Jersey Army base Fort Monmouth for production studio

USA News

  • Netflix wants to transform a former New Jersey Army base into a film and TV production facility.
  • The Hollywood streaming giant says it could create between 1,400 and 2,200 jobs annually.
  • Netflix would have at least 18 months before closing on the property and starting construction.

OCEANPORT, N.J. – Netflix is buying  a former New Jersey Army base to create one of the largest production facilities in the world.

On Wednesday, the Fort Monmouth Economic Revitalization Authority (FMERA) voted to enter into a sales contract with the streaming giant to buy Fort Monmouth’s Mega Parcel for $55 million. FMERA is the state agency in charge of redeveloping Fort Monmouth, which was shuttered by the U.S. Army in 2011.

Netflix said it will invest upwards of $850 million to build a state-of-art production facility– one with 12 sound stages, ancillary production spaces and back lots, similar in size and scope to its New Mexico studios – to produce TV series and films, including originals. Production will also occasionally go on location at scenic backdrops around the state. 

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An artistic rendering of the proposed Netflix Studios Fort Monmouth.

“This will be a key focal point for us and it will be our East Coast production hub,” said Rajiv Dalal, Netflix’s director of content & studio affairs.

Netflix’s economic impact

Netflix estimates it will generate between $7.4 billion and $8.9 billion in output over the next 20 years for production and construction. The value added to New Jersey’s economy as a direct result of that activity during that same period would be between $3.8 billion and $4.6 billion, it estimates.  

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