There seems to be one thing that director Richard Donner and actors Corey Feldman and Jonathan Ke Quan have made abundantly clear to Collider while doing the press thing for the upcoming Blu-ray release of their 1985 family favorite 'The Goonies': a sequel is not happening. It almost happened a few years ago, but due to all sorts of conflicts and concerns, it didn't. A 'Goonies 2' is now officially beyond the realm of possibility. It will not happen. Ever. Never, ever, never.
But you shouldn't rule out that long-gestating 'Goonies' Broadway musical. From the lips of Donner:
"Hopefully we're doing this as a musical on Broadway. It took forever to get on Broadway. It was a long, long process but it just got a lot shorter because there's a great writer/producer (Tim Long) who does musicals on 'The Simpsons' which are classic. He just delivered a treatment on 'Goonies' as a musical and it's friggin' great."