Broadway’s most expensive theatrical production, ‘Spider-Man: Turn off the Dark’, which stars Bermudian Rebecca Faulkenberry, will close in January after months of declining ticket sales.

The news was reported in The Wall Street Journal on Monday.

While a somewhat revamped version of the show is being planned for Las Vegas in 2015, the show’s leading lady, Ms Faulkenberry, will not be carrying on in her role as Mary-Jane Watson.

Plagued by backstage scandal, an unsustainable budget and injuries to cast members, after three years ‘Spider-Man’ is expected to have lost up to $60 million by the time the show ends in January.

Between February and June 2011 the producers fired creator and director Julie Taymor, hoping a revamp could breath new life into the show. Ms Taymor created the original show with composers Bono and The Edge from the band U2. The finances of the show were restructured after she and the producers settled competing lawsuits in April, hoping to extend its life on Broadway by reducing the high weekly running costs.