If the mixes for the TCT end soon, maybe they can put their hands on the new record this spring and have it released by autumm, but as far as I understand Guy's answers, looks like they really don't have an schedule for it...
Regarding the Local Hero musical, if it's going to happen this year, they would have to announce it with plenty of time, and as far as I know Daniel Evans joins the Royal Shakespeare Company on late April, so unless it's really setup with them that Local Hero would take place, looks unlikely it happens this year unless it is already scheduled, theaters are very busy. Maybe they would announce it as soon as Mr Evans takes his place at the RSC? An anouncement in May for, let's say October would be time enough, but then they have to cast the actors, and record the songs for the MK record... Maybe too fast.