The trade mag reports that producers David Permut and J. Mark Travis are teaming with the widow Kiki Kosinski, who handles the estate of author Jerzy Kosinski, to present the play.
"We will now reinvent a screen gem for the Broadway stage," Permut told Variety, "and the subject matter couldn't be timelier." Writer and a director are being sought by the producers to adapt the show.
"Being There" follows the story of a simple gardener named Chance who knows the world only through television. When his employer passes away, the protagonist finds himself without a job and ventures out into the real world. Through chance and misunderstanding, he finds himself an heir to a Wall Street tycoon, a presidential advisor and a media icon.
The 1979 film starred Academy Award-nominated Peter Sellers opposite Shirley MacLaine and Melvyn Douglas — who won an Oscar for his performance in the screen adaptation.
Producers Permut and Travis previously teamed on "Give 'Em Hell, Harry" and "Richard Pryor: Live in Concert." The former has also produced Blake Edwards' "Blind Date," "Dragnet," "The Marrying Man," "The Temp," "Eddie" and "Face/Off."