Old Log Theatre, the oldest continuously running professional theater in the state and possibly the country, is suddenly closing its doors next month after 84 years. The adjoining restaurant, Cast & Cru, will close as well.

Owners Greg and Marissa Frankenfield announced the closure Tuesday. The Greenwood-based theater’s final day of operation will be March 2.

In a statement, the Frankenfields said they both plan to retire, but they did not offer further details on why the business as a whole would not continue. Representatives for the theater could not be reached for comment Tuesday afternoon.

“We are filled with gratitude and humility for the support we have received over the years,” they wrote.

The theater was founded in 1940 and taken over six years later by Don Stolz, who devoted nearly seven decades to the small theater on the shores of Lake Minnetonka. The Frankenfields bought the theater in 2013 and completed a multimillion-dollar renovation the next year.

Several alumni of the theater, including Nick Nolte, Loni Anderson and Steve Zahn, have achieved national fame.

The theater just concluded its run of “Million Dollar Quartet,” which opened last summer to positive reviews.

Gift cards will be honored in the restaurant through March 2. After that, refunds can be requested via email at info@oldlog.com.

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