The show has been licensed, and news stories are now appearing about schools who are going to try to pull off a quality production. I've already seen two or three. This is the most recent I've found.
"John A. Coleman Catholic High School in Hurley, New York is among the first schools to acquire the rights to produce Andrew Lloyd Webber's Broadway classic "The Phantom of the Opera," the longest running show in Broadway history. The independent Catholic-affiliated school, founded in 1967, has an enrollment of 185, yet the cast of "Phantom" will consist of over 40 young people from the Hudson River Valley. Coleman High School Musical Theater Director Lise Hopson states that "Phantom" is the biggest challenge of her 20 year career at the school.
"The kids found out the rights had just been released and they just deluged me with requests to do the show' Hopson said. "At first I wasn't sure I wanted to take on a show this mammoth, this elaborate and demanding, but they convinced me with their enthusiasm and their passion. . ."
FULL STORY