NBC is developing a new comedy series based on the 1986 feature The Money Pit, which starred Tom Hanks and Shelley Long. Amblin Television will produce the film. Steven Spielberg's Amblin Entertainment was behind the original, now considered a cult classic.

Universal Television is co-producing, with former The Office writer-producer Justin Spitzer adapting the original screenplay by David Giler into a weekly series.

The plot will stay close to the original, which followed young couple Walter Fielding, Jr. and Anna Crowley Beissart Fielding as they proceed to buy a distress-sale mansion that quickly falls apart and destroys their relationship. Much of the humor in the movie came from the couple's attempts to fix the many problems found inside the mansion.

Justin Spitzer also has a Detroit auto company comedy set up at NBC, and another comedy in the works at USA Network called Start Up. If The Money Pit moves forward, it could be prepped in time for the fall 2014 schedule.