The NY Times had a long article on the topic back in January.
As for a new projected timetable, the producers — who started out aiming for 2010 before moving the dates again and again — are opting not to offer any this time around.
“We plan on continuing to develop the musical and will be excited to share the news when we are ready,” Mr. Sanders said by email. “As any magician knows, you never show how the illusion is made real.”
All Tied Up: The Musical ‘Houdini’ Travels a Bumpy Path