MONMOUTH COUNTY, NJ – In its heyday, Fort Monmouth – a military base spanning three towns in Monmouth County – was a hub for innovation.
This is where the first radio-equipped weather balloon reached the upper atmosphere, introducing a technique still in use today. It was also where the US Army’s first radio aircraft detection and telemetry system, also known as radar, was developed. But now, nearly a century later, the military base is inoperable and largely abandoned. Streaming giant Netflix could change that.
Netflix announced this week that it is bidding for a portion of nearly 300 acres of the base, with plans to make it one of the largest film and television production facilities in the country. It’s a plan that already has Governor Phil Murphy’s blessing.
In a statement to PIX11 News, he said the interest is “another sign that businesses around the world are taking notice” of what New Jersey has to offer.
The property, located in Oceanport and Eatontown, has reportedly been appraised by the Fort Monmouth Economic Revitalization Authority for $ 54 million. It is not known how much Netflix offered in its offering.
In a statement, Netflix said it would convert the military base into “a state-of-the-art production facility.” Governor Murphy has long touted the benefits for film and television production companies that come to New Jersey, including a physical studio development grant of up to 40%.