As we know at the moment, we have three theories about who created the Upside Down (not Dimension X). But I have another theory that the Upside Down was created not by Eleven, not by Henry and not by Will, but by the Mind Eater.
I came up with this theory after analyzing the trailer for the play. If you noticed, the play showed more than once how the Mind Eater takes Henry to the Upside Down, and not mentally but physically. And not only Henry himself, but also other people like Petty and her father. You can tell me that I misunderstood and the Mind Flayer could not physically transfer other people. Then watch the scene where Henry almost killed Petty and her father, and in this scene all three were enveloped in vines. Please note that this is not Henry's mind, because Henry's mind looks different, it is the Upside Down.
Here are some arguments that this is not Dimension X, but the Upside Down.
In Dimension X, the sky is yellow, there are stones and particles of the Mind Eater flying everywhere. In the Upside Down, the sky is characteristically red and it reflects our world and the Mind Tormentor transported Henry to a place exactly in a place that copies ours (it copied Henry’s house) and with a red sky. Moreover, I do not deny that the Upside Down is stuck in 1983. Henry's house in the scene where he is thrown into the Upside Down looks old and destroyed, and at that time in the Upside Down it was already 1983.