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.
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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?"