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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