It seems that a classic 80s film will no longer be sequelized. According to a tiny blurb at the bottom of a Variety story, The Goonies 2 is officially dead, according to The Goonies director Richard Donner.
"We tried really hard, and Steven (Spielberg) said, 'Let's do it.' We had a lot of young writers submit work, but it just didn't seem to call for it," Donner said.
Donner did hint at another way this franchise might be revived. "I'm in the process of trying to get it done as a musical on Broadway. Wouldn't that be great?"