FMERA was tasked with guiding future redevelopment of the site in a manner that balanced job creation and new business with preserving the fort’s natural resources and rich history. When Fort Monmouth officially closed its doors as a US Army installation in 2011, it caused the loss of thousands of jobs and devastated the local economy. Having a Netflix East Coast production hub in Monmouth County will have the ripple effect of spurring private sector investment in adjacent industries that support movie production – from technology and digital services companies to hospitality businesses. These high-tech studios will be producing TV series and movies, and Netflix crews will occasionally film on location in other areas of New Jersey. Netflix will buy the parcel for $55 million and make $848 million in investments: 12 sound stages ranging in size from 15,000 to 40,000 square feet, as well as ancillary production spaces and back lots. NJBIA is thrilled that the same can-do spirit of creativity and innovation that launched the movie industry at Edison’s labs will be alive again at Fort Monmouth when Netflix brings the latest movie-making technology to that property near Route 35 in Eatontown and Oceanport. For a time, Edison’s Kinetographic Theater was the world’s only indoor movie production facility, and it made hundreds of silent black-and-white films before it closed in 1901. After inventing the movie camera, Thomas Edison built an open-roof movie studio in 1893 in West Orange that rotated to capture the best sunlight for filming. Many are surprised to learn New Jersey was once, albeit briefly, the movie-making capital of the world. The project will create 1,500 permanent production jobs, over 3,500 construction-related jobs and generate billions of dollars in economic activity in the years ahead.Īll this means New Jersey, the very state where the motion picture industry was born 130 years ago, is now poised to become “Hollywood East.” The Netflix plan selected by the Fort Monmouth Economic Revitalization Authority (FMERA) over three other bidders’ proposals includes 12 sound stages totaling 500,000 square feet. Siekerka, NJBIA President and CEO On Jan 31, 2023 Source: PhillyDailyNews - □ 89.General Business Lights, Camera, Action! Jobs and innovation are centerstage in the new Netflix-New Jersey partnership that will transform 292 acres at the former Fort Monmouth military base into a $900 million state-of-the-art East Coast TV and movie production hub. Where to do the polar bear plunge in the Philly areaDaily News | Where to do the polar bear plunge in the Philly area aweissman Lines going to get longer at The Source Brewery Cc EliotReyna RegularTweetsUK Sign me up to archive and time period organize under the Head of Wardrobe. Ooh netflix with a Costume Warehouse as well. Netflix Reveals Plan to Invest $850M In New Jersey Production HubThe streaming giant plans to build one of the largest fully-integrated production facilities in the world on a former military base. Netflix Plans $850 Million New Jersey Production Facility Amid Streaming WarsNetflix said Wednesday it plans to invest $850 million into an East Coast production hub in Fort Monmouth, New Jersey, reportedly, even as it struggles to maintain its lead in the streaming wars with other platforms. Netflix Plans $850 Million New Jersey Production Facility Amid Streaming WarsWhen completed, it will be the company’s second-largest U.S. Netflix plans $900 million production facility at former Army base in New JerseyNetflix said Wednesday it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900. Netflix plans $900M facility at former New Jersey Army baseNetflix says it plans to build a state-of-the-art production facility at a former Army base at the Jersey Shore that will cost more than $900 million, and create thousands of jobs. Similar News:You can also read news stories similar to this one that we have collected from other news sources. WJXT is pathetic! If it's not a dumb irrelevant story, it's lies, and fake news.
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