In all of the adventures of the musical Chess, from concept album to initial production in the West End (1986), to its Broadway premiere (1988), concerts, revivals, recordings and tours up to the present, there might be an object lesson in how to develop a winning book. The memorable score by Abba’s genius collaborators, Benny Andersson and Björn Ulvaeus will always resonate. But the musical with lyrics by Ulvaeus and Rice, and new book by Danny Strong may have alighted on the merry-go-round of success never to return to a troubled past. The musical currently runs at the Imperial Theatre until May 3rd.

In its current iteration, the Broadway revival, starring three powerhouses in the lead roles, makes Tim Rice’s idea about a Cold War musical more coherent and interesting. This seems especially so if one lived through the hell of President Reagan’s escalating nuclear arms race with the Soviet Union, and saw the 1983 TV movie The Day After (about nuclear annihilation). Watched by 100 million viewers in one sitting, the TV movie, also watched by Reagan, allegedly influenced him against continuing proliferation.

Strong’s book ties in to the arms race, SALT talks, CIA and KGB compromises, and a controversial, frightening event (Able Archer ’83). All become aligned with two chess matches and chess gambits played by the Soviets and Americans to enable communications during a dangerous time in the 1980s, when nuclear war seemed imminent and chess was used as a form of negotiation to save face and make deals (“Difficult and Dangerous Times”).

To frame the story, clarify the events with a through-line, and provide a critique, Strong presents this version of Chess through the perspective of an omnipotent narrator, The Arbiter, superbly played by Bryce Pinkham. Snapping his fingers to move the action, he introduces the players, as he selects and explains the events which the company enacts. Invariably, he shares his opinions. Accordingly, the characters subtly move around like chess pieces (the metaphor) in the Cold War game.

This is an important conceit that can be overlooked as one becomes caught up in the powerful music, well choreographed dances, and love triangle between Freddie (Aaron Tveit), Florence (Lea Michele) and Anatoly (Nicholas Christopher). We thrill to their sterling voices and the ensemble’s striking dances. Amidst the glory, the emotion and the angst, Bryce Pinkham’s Arbiter holds the Cold War musical together and gives it a new coherence. He dishes up humor and irony as he tosses off snarky one-liners that sometimes relate the events of the past to events in the present. In one aside he infers the US and NATO countries are in a second Cold War.

Accompanied by the ensemble, Pinkam’s Arbiter presents a wild and woolly number in which he introduces himself as a new character, and critiques his song (“The Arbiter”) with a confident, “I’m going to crush it.” Pinkham does “crush it,” then his character arbitrates the first chess match between Freddie and Anatoly. After the match Freddie’s Second, Florence, eventually falls out of love with wired Freddie (“Pity the Child #1), and into love with the depressive Anatoly (“Where I Want to Be”). The struggle for all to remain on an even keel against the backdrop of the spy games creates the musical’s tension and generates the fabulous songs.

In Strong’s book whether one agrees with the character’s attitude or not, Pinkham’s Arbiter presents clarity and the symbolism that the Soviets vs. the Americans “Cold War” was an overarching chess match containing a series of smaller chess matches between the players, even between Anatoly’s two love interests, his wife, Svetlana (Hannah Cruz) and Florence. Their powerful duet (“I Know Him so Well”), strikes gold in Act II. After Anatoly defects to England and lives with Florence, he plays against the Soviet champion Viigand in Bangkok (Act II), which underscores the frightening Able Archer 83 event.

In Strong’s version, the CIA agent Walter de Courcey (Sean Allan Krill), and KGB agent and Anatoly’s chess mentor Alexander Molokov (Bradley Dean), negotiate compromises and deals behind the scenes of the first match and the second. Of course, this is for the purpose of winning the larger game of chess which is a deescalation of nuclear weapons to insure the safety of the planet. Indeed, there were real chess matches between the countries, and Pinkham’s Arbiter infers this with his suggestion that some of these events are true. The video projections go a long way toward filling in the gaps in information and de-mystifying what happened during the time befor the Berlin Wall fell.

Chess is acutely, incisively directed by Tony-award winner Michael Meyer (Swept Away, Hedwig). Meyer stages many of the numbers with the concert style approach. Kevin Adams’ lighting design of blues, reds, purples, yellows, effectively dramatizes the dynamic between and among the specific characters, the Soviets and Americans, and the shift of settings, i.e. Bangkok in Act II.

David Rockwell’s multi-tiered scaffolding enhanced by neon and chrome gives the production a stark, period look which is softened for an intimate bedroom scene between Florence and Anatoly with minimal props. Video by Peter Nigrini enhances the historical background needed to provide context, i.e. the Hungarian Revolution, or add interest. Lorin Latarro’s energetic, at times mannered (“Difficult and Dangerous Times” ), at times wild, erotic (“One Night in Bangkok”), energetic movement and dance enhance the ensemble’s pivotal numbers. These reflect the stereotypical thinking of that time, the cold war policy and the feverish, hot, atmosphere in Bangkok where the second chess match is held.

Appropriately, the ensemble’s tailored, grey suits (Tom Broecker), reflect the somberness of countries at war with the threat of their antagonisms heating up. The leads in dark colors contrast with the ensemble, and Anatoly’s wife dressed in maroon “leather.”

The phenomenal score played by an 18-20 piece orchestra with Ian Weinberger’s musical direction, and Anders Eljas and Brian Usifer’s orchestrations power up the ballads, pop rhythms and near operatic ensemble numbers gloriously. Finally, the orchestra, carefully positioned onstage by the back wall, is always witnessed by the audience who engages with it.

The sexy “One Night in Bangkok” received applause of recognition by the audience with the first notes of the charted global hit song (1984-85), as the exotic dancers and Tveit rocked Latarro’s movements with mastery. The superbly performed numbers by Tveit (“Pity the Child #2”), Michele (“Someone Else’s Story,” “Nobody’s Side”) and Christopher’s “Where I Want to Be” and “Anthem,” sung with the ensemble, are show-stoppers.

Finally, as the games conclude and presumably the first Cold War is over, Pinkham’s Arbiter sings “One Less Variation.” Then, Tveit, Michele, Christopher, Pinkham and the company end with the warning lyrics from “Nobody’s on Nobody’s Side”: “Never stay (a minute too long), don’t forget the best will go wrong, nobody’s on nobody’s side.”

Chess runs 2 hours 45 minutes with one intermission through May 3 at the Imperial Theater. chessbroadway.com.