Herzliya, named after Theodor Herzl, was founded in 1924 as a semi-cooperative farming community (moshava) with a mixed population of new immigrants and veteran residents. After the establishment of the state in 1948, large numbers of immigrants settled there. In 1960, when the population reached 25,000, Herzliya was declared a city.
In a quality of life survey in 2008, Herzliya ranked second highest among Israel's 15 largest cities. Investment in education was higher than all other cities in the survey and more high school students were eligible for a bagrut matriculation certificate. The Herzliya Interdisciplinary Center is a private college that offers undergraduate and graduate degrees in government, business administration, law, computer science and other academic disciplines. Herzliya Marina Israel's largest television and film studio, Herzliya Studios (Ulpanei Herzliya), is located in Herzliya. The Herzliya Marina was built in the 1970s. The city has a small airport (code: HRZ), three shopping malls (Arena Mall, Seven Stars Mall and the Outlet), movie theaters, museums, cultural centers and a stadium. In 2008, the Herzliya Cinematheque opened in the downtown area of the city.