The Netflix proposal includes $55 million to buy 289 acres at Fort Monmouth and $848 million to construct the massive new studios, which would anchor its East Coast productions.
Though the deal will not be finalized until the due diligence period and local approvals process concludes, a supportive tweet from Murphy following the vote made it sound like a virtual certainty.Our administration always knew NJ was a star—that’s why we worked so hard to build our entertainment industry from the ground up.
“This will be among our largest, kind of on a par with our 300-acre facility in Albuquerque,” Netflix’s Director of Content & Studio Affairs Rajiv Dalal told NJ Advance Media in an interview prior to Wednesday’s approval. “Economic impact is a key driver of why we felt our proposal was best in class. We’re looking at jobs, jobs, jobs,” Dalal said.
”As a result of nearly a billion dollars in film production spending, New Jersey will further solidify its status as an emerging national leader in the television and film industries,” the governor said in a statement. The proposed Netflix facility would provide a backdrop for TV series and films and serve as a tourism draw, according to the company.Courtesy of Netflix
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