[2] The design of the State Theatre was overseen by architects George W. Grey and Liu Sun-fo (Chinese: 劉新科).

[6] Since July 2015 New World Development has been progressively buying out the numerous shops on the ground floor of the former theatre, with a view of demolishing the building for redevelopment.

In response Docomomo International has included the building on its 'Heritage in danger' list since 23 March 2016, in particular citing its unique "parabola-like" concrete arches above its roof.

Heritage conservation organisations, such as Walk in Hong Kong, Docomomo Hong Kong and Conservancy Association, published a joint statement, urging the Antiquities Advisory Board (AAB) to grade the State Theatre as, at the very least, a Grade I Historic Building.

[11] During the meeting on 18 April 2016, after being asked follow-up questions by other members, the AMO admitted that it did not fully understand the internal structural change of State Theatre and only made a guess.

[14] Walk in Hong Kong also suggested that the Theatre could be altered as an indoor sports ground for activities such as rock climbing, skiing and zip lining.

The internal shops became exhibits of historic products related to the building, including generic Theatre seats, old tickets, movie posters etc.