Douglas Carter Beane will pen the book for the production, which will be produced by Robert Ahrens. The musical will utilize songs from the movie's soundtrack. The film featured tunes by John Farrar and Jeff Lynne, including "Xanadu," "All Over the World," "I'm Alive," "Magic" and "Suddenly."

Playwright Douglas Carter Beane is the author of The Little Dog Laughed, As Bees in Honey Drown, The Country Club, Music From a Sparkling Planet, Advice From a Caterpillar, White Lies and Devil May Care and Old Money. Director Christopher Ashley has directed All Shook Up, The Smell of the Kill, Voices in the Dark, Princesses, As Thousands Cheers, The Country Club, Rude Entertainment, The Rocky Horror Picture Show, The Most Fabulous Story Ever Told, Jeffrey, Blown Sideways Through Life, Fires in the Mirror, Bunny Bunny and Das Barbecu.

The 1980 film "Xanadu" was written by Richard Christian Danus and Marc Reid Rubel and was directed by Robert Greenwald. Described as "a fantasy, a musical, a place where dreams come true," the film starred Olivia Newton-John, Gene Kelly, Michael Beck, James Sloyan, Dimitra Arliss, Katie Hanley, Fred McCarren and Ren Woods.