In January 2012, producers decided to cancel the planned Toronto production and move the show directly to Broadway instead.
In a statement, the producers said, "As Prince of Broadway has developed over the past year, we have come to the conclusion that the show must go directly to Broadway. Over the past year, the scale of the show has grown so considerably that the costs of a pre-Broadway tryout no longer make financial sense. While we are, of course, disappointed that the production won't premiere in Toronto, the financial implications coupled with the creative team and acting company schedules necessitated this revised plan to open directly on Broadway."