![]() The Fort Monmouth Economic Revitalization Authority is expected to approve the project at a meeting this evening. ![]() Netflix will pay $55 million for a big parcel of land in New Jersey, then invest about $850 million to build a state-of-the-art production studio, according to details of the streamer’s bid. New Jersey has made a series of aggressive moves in recent years to lure shoots to the Garden State, touting its tax incentives, locally based below-the-line talent, diverse locations and proximity to New York City. As a new phalanx of streaming services has risen up to rival and start to overtake traditional film and TV in recent years, overall production activity has boomed across the U.S., with the New York area experiencing particularly explosive growth. ![]() Netflix spent about $18 billion a year on programming this year and plans to sustain that level in the near future despite overall cost-reduction efforts at the company. “We believe a Netflix studio can boost the local and state economy with thousands of new jobs and billions in economic output,” Netflix Co-CEO Ted Sarandos said. ![]() And Netflix may not be the only one vying for it.Queen's Former Press Secretary Gives Verdict On 'The Crown' Actresses Who Played His Boss: "I Don't Remember Her Being Glum & Boring" Others in the neighborhood said that Netflix moving in would bring plenty of jobs to an area that has struggled in recent years.īidding closed in January, with the price for the land at $54 million, although the investment is likely to be ten times that or more. “It’s a good thing for the towns, at least, because when Fort Monmouth was open, the federal government never paid any taxes," said Mayor Vito Perillo. He worked on the base when it was open, as an civilian electronics engineer. The mayor of neighboring Tinton Falls was having his weekly Wednesday lunch with his granddaughter at the diner. COVID gave us a problem, we had to shut down for a while." "That would help the business - not only mine, but in the neighborhood, because we are hurting. Right now, we're forced to close early," said owner George Louzakos. "Fifty-two hundred people worked there, we were busy stay and night. The establishment has been in business for 35 years, with some of the best years when the fort was at full operation. The family-owned Americana Diner just up Route 35 is ready to welcome new guests. If they open the front part, that would be great," said Tim McDonnell Sr. It's not finished yet, this is the first part - they put a gym down there, a bowling alley. Jets quarterback Zach Wilson leaves game vs. It is not known who will get the bid, but the crumbling barracks - currently overrun by weeds and trees - could give way to movie sets, post-production houses and sound stages if Netflix is successful. The base's main road is lined with tributes to heroes, which will remain in place, as will the gates. Now the state agency heading the base's redevelopment effort, the Forest Monmouth Economic Revitalization Authority, is shooting for the moon as it asks for a single buyer for the 289-acre tract of land the base sits on. The iconic gates to Fort Monmouth open to a base that is nearly 100 years old and full of history - the first radar signals that bounced off the moon came from Fort Monmouth. Army base into a TV and film production capital. Now the Garden State may once again become a powerhouse in the industry, as Netflix confirms that it is seeking to transform an abandoned U.S. New Jersey has a rich history in the film industry, claiming many movie firsts: The first movie studio in the country was in West Orange, and Fort Lee was once the film capital of the world before they moved things out to Los Angeles.
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