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58°
Wednesday, nov 20
Tag:
Housing development
News
$1B Netflix Production Studio Replacing Long Vacant NJ Property
A Jersey Shore property that has sat vacant for more than a decade will soon be transformed into a nearly $1 billion Netflix production studio. The entertainment company plans on committing $848 million in capital investments to develop the facility on the more than than 292-acre site on the former Fort Monmouth campus in Monmouth County. The "economic engine" is estimated to create more than 1,500 permanent production jobs and more than 3,500 construction-related jobs, Netflix and Gov. Phil Murphy said. Located adjacent to Route 35 in Eatontown and Oceanport, the facility will be split i…