The recent and sudden closure of Crozer Health, the largest healthcare provider in Delaware County, PA, is expected to have major financial ripple effects—particularly on local real estate markets, property taxes, and school district funding. This development could significantly shift the real estate landscape for homebuyers, investors, and residents across the region.

Property Tax Revenue Hit for School Districts and Boroughs

At the center of this crisis is the Crozer-Chester Medical Center, located in Upland Borough, along with Crozer Health’s corporate offices. Together, they represented a major source of property tax revenue for the struggling Chester Upland School District. According to district receiver Nafis Nichols, the district is now facing a $2.2 million annual shortfall due to the closure.

The impact doesn't stop there. Taylor Hospital in Ridley Park, another facility owned by Prospect (Crozer’s parent company), has also caused financial strain. Ridley School District Superintendent Lee Ann Wentzel reports that the health system owes roughly $500,000 annually in unpaid taxes, stemming from a 2021 tax settlement that has not been fulfilled.

To compensate for the loss, Ridley Park Borough implemented a 17% property tax hike in 2024, directly impacting homeowners and renters. Upland Borough officials echoed the concern, stating that the economic impact is “immeasurable.”

Real Estate Implications for Buyers, Sellers, and Investors

The loss of major tax contributors like Crozer Health could lead to increased pressure on property owners to make up for budget shortfalls—often through higher property taxes. This may affect home affordability, school district desirability, and investment potential in key areas of Delaware County such as Upland, Ridley Park, and Chester.

For real estate buyers, sellers, and investors, it’s crucial to stay informed on these regional shifts. Whether you're considering buying a home near the affected areas or evaluating the long-term value of property in Delaware County, understanding the financial landscape is key.

Source: Adapted from WHYY, April 30, 2025