The Ely State Theater closed in 2008 due to the Great Recession. The building quickly fell into disrepair. Restoration efforts began in 2014 and reopened in December 2019 with local live theater in a showing of "The Quiltmaker's Gift." On June 24, 2020, the theater held its first film screening in over a decade, featuring Ferris Bueller's Day Off. Ely's Historic State Theater is now open to the public and is a cinema and live event venue with an attached concessions area and second theater in the adjacent building. There is a one-bedroom apartment above the lobby and is available as a short-term rental on Air B&B.[3]