New musical coming up that's local (6)
I believe the answer is:
native
'local' is the definition.
(similar in meaning)
'new musical coming up' is the wordplay.
'new' becomes 'n' (common abbreviation eg NT for New Testament).
'musical' becomes 'evita' (I've seen this before).
'coming up' is a reversal indicator.
'evita' backwards is 'ative'.
'n'+'ative'='NATIVE'
'that's' acts as a link.
(Other definitions for native that I've seen before include "One locally born" , "Belonging to a particular place by birth" , "In a natural state" , "Son" , "Endemic - aborigine" .)