“The investment by Netflix will help transform the Fort Monmouth property into a state-of-the-art film facility, creating high-paying jobs and generating economic activity for the region and the state,” said Senate President Nick Scutari. Today marked another important step in the process as the Governor signed a letter approving FMERA’s meeting minutes, which will now send the amendment to both host municipalities for consideration and public comment. Since FMERA authorized the Purchase and Sale and Redevelopment Agreement with Netflix for the property in December 2022, Netflix has continued working to obtain the additional approvals necessary to make this project a reality. If adopted, the proposed amendment to the Fort Monmouth Reuse and Redevelopment Plan will also permit the creation of new, affordable housing units to serve the community. In addition to the construction of 12 soundstages – comprised of over 500,000 square feet of new development –current structures will also be redeveloped for other purposes such as studio backlots and office space, and a myriad of additional uses in support of production activities. This east coast production facility is estimated to create thousands of largely union jobs – including more than 3,500 construction-related jobs and over 1,500 permanent production jobs. This project will add to over 30 additional redevelopment projects that have already commenced since the military shuttered Fort Monmouth over a decade ago. Netflix has committed to $848 million in capital investments to develop a state-of-the art production facility on the 292-acre parcel that spans both Oceanport and Eatontown, becoming the largest project in both scale and investment in Fort Monmouth’s history. “While we still have a lot of work to do, we're excited to continue partnering with Governor Murphy, local officials, and the community as we work to transform this historic space into a world-class production facility.” “Netflix Studios Fort Monmouth will drive significant economic growth and create meaningful job opportunities for people in New Jersey while boosting the vibrant production ecosystem here in the state where the modern film industry was born,” said Ted Sarandos, Netflix co-CEO. I thank Netflix and our partners in both government and labor for their support in advancing this crucial project.” With this facility, many of our hard-working and talented residents will have the opportunity to participate in the film and television industry right here in our state while local businesses will benefit from an increase in customers. Instead, Fort Monmouth now stands as a symbol of renewal and revived hope. “This campus is no longer a painful reminder of economic decline and disinvestment. “Netflix’s historic investment in Fort Monmouth’s future, which will generate thousands of union jobs and significant revenue, is a testament to our broader strategy when it comes to establishing New Jersey as the Northeastern home for film and entertainment,” said Governor Murphy. In doing so, the Governor approved the Fort Monmouth Economic Revitalization Authority’s (FMERA) recent meeting minutes, which will allow the Netflix project to continue moving forward and also pave the way for a new affordable housing component on the Fort. OCEANPORT – Governor Phil Murphy today joined Netflix co-CEO Ted Sarandos, State officials, and labor representatives to highlight the benefits of New Jersey’s growing film and television industry and further advance the creation of a major Netflix production facility in Monmouth County at the site of the former Fort Monmouth campus. Netflix Facility Will Create Thousands of Union Jobs and Add to Economic Growth Generated by New Jersey’s Burgeoning Film and TV Industry
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