Overview
- Gov. Phil Murphy joined local officials for the groundbreaking at the former Texaco site on Bayonne’s waterfront.
- Paramount is set as the anchor tenant under a 10-year lease supported by NJEDA-approved tax credits.
- Plans call for roughly 58–60 acres with 23 soundstages, a large backlot and about 1.1 million square feet of production space.
- Developers and officials project more than 4,300 jobs, including about 2,300 in construction and 2,000 permanent positions, with an estimated $1.2 billion economic impact.
- The DEP-supervised remediation is complete and the elevated, cleaned site is now ready for construction expected to span the next two to three years.