RED BANK -- Count Basie Theatre officials, including E Street Band guitarist Steven Van Zandt, will gather on Monday morning to announce the historic theater is nearing the halfway point of funding its $20 million expansion plan.

The downtown Red Bank theater, named after borough resident and famed jazz musician William James "Count" Basie, announced in October 2015 its plans to beef up the 89-year-old venue with an additional space and other renovations.

Count Basie Theatre in Red Bank announced in October 2015 a $20 million expansion plan, which will not only renovate some of the venue's antiquated facilities but build a 550-capacity "Second Space" adjacent to the theater. An artist rendering is seen here. (Courtesy of Count Basie Theatre)

As it nears the halfway point of the $20-million-dollar capital campaign, Van Zandt and his wife, Maureen, will curate a series of four concerts dubbed "Little Steven's Underground Garage At The Basie Presented By Citi."

The first show is scheduled for Jan. 13, 2017.

"When Steven and I announced our support for the Count Basie Theatre's expansion, we understood the magnitude of impact that growth could make in the community," Maureen Van Zandt, who sits on the Count Basie Theatre Board of Trustees, said in a statement. "With the help of Citi and an array of generous donors, the vision for the Basie's future is even closer at hand."

Additional details will be unveiled at a press conference Monday morning. Among the scheduled attendees is Lt. Gov. Kim Guadagno, Steven and Maureen Van Zandt, Sirius XM's Underground Garage Channel host Rich Russo and Q104.3 host Ken Dashow.

More than 200,000 patrons come through Count Basie each year to see headlining music acts like Tony Bennett, Diana Ross and Bon Jovi, as well as theater and dance productions. Veteran singers Norah Jones, Darlene Love and Jackson Browne played the venue last year.

Expansion plans include building a 550-capacity "Second Space" adjacent to the theater.

The theater's planned expansion will broaden the multi-purpose Monmouth Street venue as a sprawling "cultural and educational destination for the performing arts" in Red Bank, said Count Basie Chairman Tom Widener.

Theater president and CEO Adam Philipson said last year that he hopes to break ground on the project by 2018 or 2019.

NJ Advance Media reporter Bobby Olivier contributed to this report.

Alex Napoliello may be reached at anapoliello@njadvancemedia.com. Follow him on Twitter @alexnapoNJ. Find NJ.com on Facebook.