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Kevin Spacey will run London's Old Vic theater

Kevin Spacey will run London’s Old Vic theater. His first act as artistic director: singing in a blowout benefit Wednesday with Elton John and Courtney Love

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Kevin Spacey may be an American movie star, but he loves the British stage. So much so that he’s about to become the artistic director of London’s historic Old Vic theater. He’s expected to announce his new duties on Wednesday night during a fundraising gala at the theater, where he’ll sing and share the stage with Elton John and Courtney Love.

The 180-year-old theater, once the home of Laurence Olivier’s National Theater Company, is in need of renovation; according to its website, audience members have to put up with a leaky roof, mold-infested walls, and limited handicapped accessibility. Spacey, who performed there in 1998 as the star of ”The Iceman Cometh” during a pre-Broadway run, is already a trustee, as is Elton John, and he’s donated a reported six-figure sum out of his own pocket, Reuters reports.

According to the Associated Press, the benefit performers will include Love (now that London police have released her from detention and let her off with a warning over her alleged air-rage incident on Tuesday), Sinéad O’Connor, U.K. rapper Ms. Dynamite, Texas frontwoman Sharleen Spiteri, and Diana Krall and Elvis Costello. All will be singing Elton John tunes.