I agree with the previous post - the script is absolutely 50s with its racial slurs and the way the guys simply express their need to "get cool". (i.e. "CRACKO JACKO!" "WHAMO BAMMO!")
I just don't see it working in a contemporary setting at all.
I think Laurents' "idea" has to do with casting alone - not with moving the setting or the time of the piece - but with perhaps the race issue or maybe (the idea that is most appealing to me) casting approximate age-appropriate unknowns.
Although, to me, it seems damn near impossible to find teens who will be developed enough triple-threats to perform this piece to the caliber expected of a full (non "white-bread", at that!) revival, i'm sure they're out there, which makes the "huge search" that a previous poster suggested pretty much a necessity.
...as long as its not "Something's Coming: The Search for the Next Tony and Maria!", sign me up for tickets to the show.
"The nice thing about the rain is that it always stops... eventually."
- Eeyore