Broadway babes are weeping into their Playbills: The revival of Funny Girl — which was scheduled to hit Broadway this spring after a stint in Los Angeles — has been postponed, the producers announced today.

“We have made the extremely difficult decision today to postpone our production of Funny Girl,” said producer Bob Boyett in a statement. “Given the current economic climate, many Broadway producing investors have found it impossible to maintain their standard level of financial commitment. Our desire to produce Funny Girl on the scale it deserves required a capitalization of $12 million making it one of the most expensive revivals in Broadway history.”

Anticipation was high for this revival, which was slated to kick off at L.A.’s Ahmanson Theater on Jan. 15 for a six-week run before heading to New York in April. Lauren Ambrose had been cast in the role of Fanny Brice, previously and famously inhabited by Barbra Streisand for the show’s original Broadway reign, while Bobby Cannavale would have starred opposite her as Nick Arnstein.

Boyett noted he is “deeply saddened” by the decision, but had to admit along with producers Sonia Friedman, Jean Doumanian, Stacey Mindich and Tim Levy, that “this was not the right time to bring Funny Girl to the stage.”