No dates have been announced for the show, which is expected to open during the 2009-2010 season at the Hilton Theatre.
Wood previously worked with Taymor on the film Across the Universe and is currently on the big screen in The Wrestler.
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Watch Hairspray Stars Laura Bell Bundy, Kerry Butler, and Marissa Jaret Winokur Reunite with Special Performance
They performed a medley of mama songs!