The Frostburg Palace Theatre Inc. gained non-profit status in 1985 when a group of Frostburg community members joined together in an effort to preserve the historic building. In the fall of 2001, the idea for a film series was proposed & through the work of dedicated volunteers, was instituted in the spring of 2003.
Although the Palace's primary initial focus was simply to save the building, by creating the film series, the palace was able to address another growing concern: the promotion of a vibrant downtown. The main street location of the theatre itself draws people into on of this area's traditional centers of concourse, offering the opportunity to have an evening out on foot.
The establishment of the film series has also addressed the need for a broader selection of films in Allegany County . The film series departs from the mainstream movie industry to show a variety of classic, independent, and foreign films, as well as documentaries. Films that, prior to the creation of the palace's film series, were not viewable locally on any big screen.