(Bloomberg) -- Netflix Inc. is looking to acquire an old army base in New Jersey and turn it into a large production facility for film and TV projects.

The streaming company will bid on a 289-acre (117 hectares) chunk of Fort Monmouth, a 96-year-old army base that closed in 2011. The property is about 50 miles south of New York City. The facility would be one of Netflix’s largest in the U.S., second only to its hub in New Mexico, according to the New York Times, which reported on the plans earlier Tuesday.

Unlike most of its rivals, Netflix doesn’t own a large Los Angeles studio and has leased or acquired production space all over the world as it has scaled up production. The company opened a facility in New York earlier this year, but the New Jersey space would dwarf that.

The bidding process opened on Oct. 16 and runs through early next year, Netflix said.

New Jersey Governor Phil Murphy has been courting Hollywood studios for a couple of years, pitching his state as a business-friendly alternative to production hotspots like Georgia and New York.

“America’s first movie studio was in New Jersey, and today it’s home to many talented people working in entertainment,” Netflix said in a statement. “Governor Murphy and the state’s legislative leaders have created a business environment that’s welcomed film and television production back to the state, and we’re excited to submit our bid to transform Fort Monmouth into a state-of-the-art production facility.”

©2021 Bloomberg L.P.