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FOR IMMEDIATE RELEASE
March 1, 2024
Media contact: Daniel Dimitroff
ddimitroff@rdsmanagement.com



STATE THEATRE OF BAY CITY CEASES OPERATIONS

BAY CITY, MI, March 1, 2024 - Today the State Theatre of Bay City ceased
operations after filing for Chapter 7 bankruptcy with the United States
Bankruptcy Court for the Eastern District of Michigan.

"With a heavy heart, and after thoughtful discussion and consideration, the
Board of Directors has authorized the filing of a Chapter 7 bankruptcy for the
State Theatre," said Daniel Dimitroff, chair of the Board.

The decision comes after several months of investigation into financial issues,
some of which are being investigated by the authorities. The State Theatre is
not at liberty to discuss the details of the investigation while it is ongoing.

Under Chapter 7 bankruptcy, a trustee is appointed to liquidate the
organization's assets to pay its debts. All upcoming events at the State Theatre
have been cancelled.

The State Theatre was constructed in 1908. In 2000, the Bay City Downtown
Development Authority and a group known as Friends of the State Theatre raised
funds for capital improvements to the venue. Throughout the decades, the State
Theatre has been committed to providing performing arts and films that enhance
cultural opportunities for people in the region and beyond.

"We are grateful for the support of our community and donors over the years,"
Dimitroff said. "Moving forward, we will work collaboratively with the
bankruptcy court and trustee to search for a new building owner. There is a lot
of work ahead, but we are committed to working with the trustee to return the
State Theatre to its respected role in our community."


ABOUT THE STATE THEATRE OF BAY CITY

Located in downtown Bay City, Michigan, the historic State Theatre provides a
diverse range of performing arts and films to enhance cultural opportunities for
all people throughout the Great Lakes Bay Region and beyond. Learn more at
statetheatrebaycity.com.

Copyright © 2012-2024 State Theatre of Bay City, All Rights Reserved