The Players was founded in 1935 by the brother and sister team of Caroline and Richard Fisher in a garden behind the Bonnie Brook motel in Fish Creek, Wisconsin.

[1] In 1937 the Fishers moved the newly founded theater to the recently vacated 22-acre (89,000 m2) Wildwood Boys Camp, along the shores of Green Bay between the towns of Egg Harbor and Fish Creek.

[1] The original Peninsula Players stage was built with the help of Samuel Wanamaker, an American film director and actor who is credited as the person most responsible for the modern recreation of Shakespeare's Globe Theatre in London.

McKenzie accepted and in 1962 assisted in forming the Peninsula Players Theatre Foundation, Inc., a non-profit organization created to operate the theater.

The new stage house, which opened in the summer of 2006, has a full fly tower, a grass roof, cushioned seats, and solid walls that can be raised and lowered based on weather conditions.

[11] In 1981, actors John Walker, Pamela Gaye, Amy McKenzie, and a small troupe of artisans from the Players created the first Fall season.