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Netflix invests $65M in Jersey Shore town for studio expansion, boosting local economy.
Netflix is investing $65 million in a Jersey Shore town as part of a $903 million studio development at Fort Monmouth, a former Army base in Eatontown and Oceanport.
The project, approved in two phases, includes a 30-year PILOT agreement expected to deliver about $64.8 million to Oceanport, with total costs reaching roughly $66 million.
The expansion aims to create jobs and stimulate local economic growth, marking Netflix’s continued push into physical production infrastructure in the Northeast.
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Netflix invierte $ 65M en la ciudad de Jersey Shore para la expansión del estudio, impulsando la economía local.