Shakespeare's Rose Theatre is taking a step nearer to being recreated with trustees saying they are ready to move onto the next phase of excavation.
A talk on the importance of the recreation will be given
The venue's remains were discovered on London's Bankside in 1989.
A number of celebrities, including Richard Briers, Sir Ian McKellen and Zoe Wannamaker, will meet for a reception at the site on Tuesday.
Trustees say they are ready to apply for funding for excavation after 15 years of planning and fund-raising.
Actress Janet Suzman will give a talk on the importance of the project for the profession.
Details will also be given about the technical side of recreating the Elizabethan theatre.