The company began a capital campaign in 2004, and in 2006 moved into The Armory, which includes two theaters, a bar and restaurant, a costume shop, production facilities and office space.

[6] The Oregonian reported that the OSF's artistic director Henry Woronicz "couldn't figure out how to integrate the two closely enough for his liking, and he was unwilling to have Portland go its own way without supervision".

[10] Huddle had been on the 1991 search committee for the OSF's artistic director Henry Woronicz, but he suddenly announced his resignation in June 1995 effective the following October citing "personal reasons".

[11] In 2000 PCS board president Julie Vigeland commented to The Seattle Times that after separating from OSF "it was a real challenge to form our own identity", but that Huddle "did a wonderful job helping us do that for the last six years".

[10] A 2003 consultant's report, however, found that PCS relied more heavily on gifts and grants to fund its operations than its peers around the company.

[15] Sandstrom helped to improve the promotional materials of the organization, while Portland Center Stage modified the nature and style of its performances.

[2] PCS received $150,000 from the United States Department of Housing and Urban Development in September 2006 for "renovations and upgrades to its facility",[18] and an additional $500,000 as part of the "Portland Center Stage Armory Theater Energy Conservation Project".

[1] The company's productions include contemporary, classical pieces and modern premieres, in addition to a summer playwrights festival, JAW (previously known as Just Add Water/West).

[23] Huddle had commissioned playwright Jack Heifner to write Comfort and Joy,[24] which was the first time that Portland Center Stage had ever produced a new play.

[14] Chris Coleman's first production after signing on with PCS in 2000 was the play The Devils by Elizabeth Egloff, based on the novel of the same name by Fyodor Dostoevsky.

[12] Other productions in the 2000–2001 season included Martin McDonagh's Irish comedy, The Cripple of Inishmaan, A Christmas Carol, Patrick Marber's Closer, and adaptation of Antigone, and the Northwest premiere of A New Brain by William Finn.

[28] Coleman opened the 2008–2009 season with Guys and Dolls, which The Oregonian and Willamette Week described as a timely choice in light of the Great Recession.

[26][29] In her 2004 guide Best Places Northwest Giselle Smith wrote that PCS "offers excellent production values, whatever the play".