08/08/2011 05:46 pm ET Updated Dec 22, 2011

'Project Runway All Stars' Brings Together Old Faves With Angela Lindvall (PHOTOS)

After tons of fun speculation, Angela Lindvall has been confirmed as host of "Project Runway All Stars," People reports, but those aren't the only details about the upcoming series.

Also at the helm will be Isaac Mizrahi and Georgina Chapman of Marchesa as judges (leaving room for a weekly guest judge, we hope). Editor-in-chief of Marie Claire Joanna Coles acting as the contestants' mentor à la Tim Gunn.

The "All Star" contestants coming back for second chance at design glory include fan favorites such as the flamboyant Austin Scarlett, the very tatted Kathleen "Sweet P" Vaughn and the adorable Season 8 runner-up Mondo Guerra, writes the Hollywood Reporter.

The 13 contestants will compete for what Lifetime calls "the most lucrative prizing ever in 'Project Runway' history" -- an exclusive designer's boutique in select Neiman Marcus stores and on, $100,000 dollars in technology and office space from HP and Intel, $100,000 cash from L'Oreal Paris, a feature spread in Marie Claire, for which he or she will serve as a guest editor for one year and a sewing and embroidery studio from Brother International.

One thing this winner won't receive? The chance to show in the storied Bryant Park tents, an obsession of past "Project Runway" contestants.

Have fun at Lincoln Center, kids.

The 12-episode season of "Project Runway All Stars" will premiere later this year on Lifetime. Click through below to see who of your favorites are back to compete.

Project Runway All Stars Roster