"As the father of modern Zionism, Herzl consolidated the various strands of Zionism already in existence into a modern, organized, political movement. Convening the First Zionist Congress in Basle, Switzerland, in August 1897, Herzl brought the Zionist project to the forefront of Jewish and world attention. In his diary, Herzl wrote: "In Basle, I created the Jewish State."

From the Anti-defamation League's website. I think that fairly conclusively proves that it's not an anti-semitic expression.