September 1959
In a notice in the New York Times, Irish theater director Tyrone Guthrie announces that he wants to have a resident theater outside of New York and invites cities across the country to make their best case.
Spring 1960
Newspaper scion John Cowles Jr. leads a steering committee to bring the theater to the Twin Cities. T.B. Walker Foundation gives a commitment for land next to Walker Art Center and $400,000 for construction.
May-summer 1960
After Guthrie and fellow founders Oliver Rea and Peter Zeisler visit seven interested cities, they choose Minneapolis/St. Paul. The steering committee is formally constituted as the Tyrone Guthrie Theatre Foundation.
November 1961
Construction begins on the theater, with a stage designed by Tanya Moiseiwitsch and Guthrie, on Vineland Place in Minneapolis.
October 1962
A Mankato Sunday school class sends a donation of $6.37 for the building. The Ford Foundation provides a grant of $337,000 for preopening costs and operating assistance.

January 1963
The volunteer group Stagehands holds its first ticket campaign meeting and rally led by actor Robert Preston. Stagehands would sell more than 14,000 subscriptions in the following months, setting a national record for a noncommercial theater.
May 7, 1963
Known as the Minnesota Theatre Company, it launches with "Hamlet," directed by Guthrie and starring George Grizzard. For its first season, the theater welcomes 22,000 season ticket holders and receives $300,000 in advance sales.

1966
Tyrone Guthrie protégé Douglas Campbell becomes the theater's second artistic director.