The Chinatown and Marathon Man producer's memoir, The Kid Stays in the Picture, chronicled his 1980 cocaine bust and implication in the murder of Roy Radin - the infamous victim of The Cotton Club murder case, whose death has been linked to a failed deal to finance the film.
The book was made into a documentary feature in 2002 and now Smuggler Films executives have acquired the stage rights to the memoir and its forthcoming sequel, The Fat Lady Sang, reports Daily Variety.
British director Richard Eyre has signed on to manage the project, which will be adapted for the stage by Broadway playwright Jon Robin Baitz.
Baitz reveals, "I see him (Evans) as an almost fictional character. A hallucinatory and vivid American survivor, voracious, kind, eccentric, charming, isolated, alternately at the center and then at the fringes, both mogul and artist, tortured and determined to matter."
The production is scheduled to debut during the 2010-11 Broadway season.