1 minute read
KOP IN THE NEWS
Most Admired CEOs 2022: Eric Goldstein, King of Prussia District
“King of Prussia has been booming over the past decade. As of 2021, Upper Merion Township added more than $4 billion in new projects, helping transform the community into one of the suburb’s hottest towns.”
– Philadelphia Business Journal
King of Prussia District CEO says area is set up ‘perfectly’ with more development on tap for 2023
“King of Prussia remained a hotbed for development throughout the Covid-19 pandemic, and the building boom is on track to continue into 2023 with several major projects underway.”
– Philadelphia Business Journal
In uncertain office market, Keystone's Glazer says 'future of development is about placemaking'
“The winners, by and large on a market level, are going to be the Conshohockens, the King of Prussias, the urban, walkable, placebased places.”
– Philadelphia Business Journal
MLP Ventures expanding King of Prussia office building to include more life science space
– Philadelphia Business Journal
Life Sciences Pennsylvania moving HQ from Wayne to King of Prussia
– Philadelphia Business Journal
New pharmaceutical ingredients manufacturing plant opens in King of Prussia
– Philadelphia Inquirer
SEPTA approves $125M for KOP Rail project's final design
– Philadelphia Inquirer
King of Prussia Town Center adds new tenants, closes in on 100% occupancy
– Philadelphia Business Journal
100% of King of Prussia District’s operating budget is paid for by private fees, event revenues and corporate sponsorships.
King of Prussia District programs are funded through a special assessment fee made possible by commercial, industrial and multifamily properties within its boundary. The assessment fee is 0.00089 MILS, or approximately 3.05% of the total real estate tax bill for property owners. The millage rate has remained the same since the District was founded in 2010.
