By Andrea Towers
Updated March 06, 2014 at 06:35 PM EST

The Bronx is up, the Battery’s down, and this fall, On the Town — the musical comedy that is considered a “love letter” to New York — will be returning to Broadway in a brand-new production, just in time to coincide with the show’s 70th anniversary. The revival will be produced by Howard & Janet Kagan (Pippin, The Gershwins’ Porgy & Bess) and will feature choreography by Emmy winner Joshua Bergasse (Smash). Tony winner John Rando (Urinetown, A Christmas Story) is set to direct.

On the Town will find its new home at The Lyric Theatre, which was most recently called the Foxwoods Theatre and home to the long-running but ill-fated musical Spider-Man: Turn Off the Dark.

“We couldn’t be more thrilled to make The Lyric Theatre our home for On the Town,” the producers said in a press release. “This classic Broadway theatre, right on 42nd Street in the heart of Times Square, is the perfect spot, and now is the perfect time to bring this big, brassy musical comedy back to The Great White Way.”

On the Town, which evolved from the Jerome Robbins ballet Fancy Free, boasts the legendary creative team of Leonard Bernstein (music), and Betty Comden and Adolph Green (book). It debuted at the Adelphi Theatre in 1944 before transferring to the 44th Street Theatre and the Martin Beck Theatre and, during its run, played for 462 performances. Casting and official ticket information for the revival has not yet been announced.

Originally, the musical King Kong, fresh off its successful run in Melbourne, Australia, was expected to open at the Lyric in December. However, because of the complexity and scope of the production, the producers have made the decision not to rush its debut.

King Kong has been more than 5 years in the making and we are thrilled with the production that played to packed houses in Melbourne,” producer Carmen Pavlovic, CEO of Global Creatures, said in a statement. “We learnt so much from this first engagement. We realize that there are some exciting creative changes we can and want to make before King Kong comes home to New York City and we don’t want to be pressured to rush in to meet any artificial deadlines. We want to make the best possible show. We will announce our plans when we can confirm our time-line to open on Broadway.”