According to Variety, after kicking around the idea of a Goonies sequel fell through, director Richard Donner has been chasing a different spinoff idea: "I'm in the process of trying to get it done as a musical on Broadway. Wouldn't that be great?"
The director has already met with former Broadway entertainment attorney John F. Breglio, and Donner seems confident things are moving in the right direction. He's even figured out where to break for intermission: right after the kids fall through the hole, with the second half unfolding underground.
Say it ain't so?! No doubt you'll be able to buy a Baby Ruth at the concession stand of whatever house it ends up in.