Bucks County Playhouse producing director Jed Bernstein announced the creation of the new honor, which will be presented to Lansbury by her Tony-winning Sweeney Todd director Harold Prince during an Oct. 28 gala event at the Playhouse.
The induction ceremony will include a tribute performance by some of Lansbury's Broadway colleagues.
"We are delighted to be cementing the legacy of the Bucks County Playhouse in New Hope history by the creation of the Bucks County Playhouse Hall of Fame," Bernstein said in a statement. "Angela Lansbury appeared at the Playhouse in 1952's Affairs of the State, years before she graced the Broadway stage, making her the perfect first honoree."
Lansbury earned Tony Awards for her work in Mame, Dear World, Gypsy, Sweeney Todd and Blithe Spirit. She is a three-time Academy Award nominee for the films "Gaslight," "The Picture of Dorian Gray" and "The Manchurian Candidate."