"They haven't even raised half of what they need, so I wouldn't be as certain."
They clearly state in their project description that the show will be produced regardless of funding, but if they don't receive all of it they are prepared to scale down the production.
I'd say the fact that they're almost a third of the way there and this is our (well, mine, at least) first hearing of this in the THEATER community, they'll reach their goal or at least come close.
Go Fracture!