Plans for Historic BROADWAY 4D Project Are a 'No-Go'

According to the New York Post's Michael Riedel, plans for the highly anticipated Broadway 4D have been scratched, as those behind the project were unable to raise the $80 million necessary to complete the project, which includes $30 million in major renovations to 42nd Street's historic Times Square Theater where the film was to play and $50 million for the project itself.

While a spokesperson for "Broadway 4D" maintains that reports of financial struggles are "inaccurate" and that the producers hope to keep the project going, people involved in the show have been told by one source, "It's not happening. It's over."

Back in March of 2012, plans were announced for a full and classic restoration of the Times Square Theater to return it to its historic glory. The developers also announced Broadway Sensation, described as a 4D Musical Spectacular, which included a 3D film enhanced show with in-theater special effects, to celebrate the Broadway Musical with the latest theater and 4D film technology. The theater was originally scheduled to open in the late spring or early summer of 2013.

Broadway 4D had obtained significant backing from leaders of the film and theatrical creative communities. Tony Award winning producer Gary Goddard lead the creative team which included director and producer, Bryan Singer. Singer and Goddard were set to produce and direct the 3D film, and noted film and TV executive Jeff Sagansky was to serve as Executive Producer.

The greatest songs from the greatest Broadway musicals, penned by the most famous songwriters, including Rodgers and Hammerstein, Kander and Ebb, Charles Strouse and Martin Charnin as well as many others, were to be performed by Broadway and Hollywood stars. Hugh Jackman, who portrayed Curly in a 1998 revival of "Oklahoma!" at the National Theatre, was scheduled to perform "Oh, What a Beautiful Mornin', Sierra Boggess, currently playing Christine in Broadway's "The Phantom of the Opera," was to reprise her role as Ariel in "The Little Mermaid," Christina Aguilera was to take on Evita. Also set to appear in the film were "Glee" star Matthew Morrison, Nine's Antonio Banderas and Broadway vet Betty Buckley.

According to a source, many of the stars who were to be involved in the historic project have expressed their disappointment. "They were excited to have their performances preserved for all time," reveals the source. "That's not going to happen."