Directed by Brian P. Allen, Bruce Graham's play will run March 5-30 at the Good Theater prior to an April 28-May 11 engagement at South Carolina Rep in Hilton Head, SC.
Lacey will be joined onstage by Will Rhys with a third actor to be announced shortly.
About casting Lacey, director Allen told Playbill.com, "Flo brings so much heart and warmth to all of her characters. The role of Peg in The Outgoing Tide is a great fit. Most people know Flo for her musical theatre work. I think everyone will be wowed by her portrayal of this role."
Lacey added, "It's been years since I did a non-musical, [and] it's a strong but vulnerable and well-written role. The subject of aging and its challenges has been interesting to me for a long time. I've been wishing for a musical about this for years. Maybe one day I'll get to sing about it — and working with my friend Brian Allen will be fun, I'm sure."
The production will also feature set design by technical director Stephen Underwood, costume design by Justin Cote and lighting design by Iain Odlin. Michael Lynch is the production stage manager.
Good Theater performs at the St. Lawrence Arts Center, 76 Congress Street, Portland. Tickets can be reserved by calling (207) 885-5883 or visiting www.goodtheater.com. The South Carolina Repertory Company is located at 136 B Beach Street, Hilton Head. Tickets are available by calling (843) 342-2057 or by going to www.hiltonheadtheatre.com.