New Jersey’s Asbury Hotel Joins Netflix Partnership, Boosting Local Film Production
New Jersey gave Netflix a huge $387 million tax break for their planned $850 million production studio at Fort Monmouth. This marks a big change in East Coast film production.
Thanks to the 2018 Garden State Film and Digital Media Jobs Act’s tax breaks, New Jersey is becoming a hot spot for filming. To keep these tax benefits, Netflix needs to keep the studio running for at least ten years.
In a key vote, Oceanport’s planning board approved the first stage of the huge facility. “The planning board’s approval demonstrates that the community shares our enthusiasm for building a new studio in New Jersey, the birthplace of the modern film industry,” said a Netflix spokesperson to NBC Philadelphia.
The streaming giant will shell out $55 million to take over the massive 289-acre former military site.
Their plans include 12 soundstages, a workspace, and production areas. Phase one will start with a 29-acre plot featuring four soundstages, storage, and a 91,000-square-foot McAfee Center.
Eight miles away, the Asbury Hotel is already getting ready. They’ve teamed up with Jersey Shore Entertainment to back upcoming films. They just finished shooting “Deliver Me From Nowhere,” a Bruce Springsteen biopic coming out in 2025.
The Asbury location might host three more movies soon, including “Atlantic City Heat Wave” and “Paranormal Confidential.” At the same time, the Molly Pitcher Inn and Oyster Point have begun hosting film crews.
Local company Mancini Duffy created plans for the first phase. Since the property sits in two towns, Eatontown borough still needs to be approved before construction can begin.
