I wouldn't hold your breath. This has been getting talked about for years. I know at one point Arnold Schwarzenegger was attached. I wouldn't even be that interested to be honest. The low budget charm is the main reason the original is such a classic.
Tromaville has a monstrous new hero. The Toxic Avenger is born when meek mop boy Melvin falls into a vat of toxic waste. Now evildoers will have a lot to lose.