Musician will portray the legendary rock star.
The story revolves around owner Hilly Kristal and his efforts to turn a tiny club into a groundbreaking rock 'n' roll venue where the likes of Bruce Springsteen, Red Hot Chili Peppers and Tom Petty and The Heartbreakers played.
The venue started out as a home to country, bluegrass and blues musicians, but when those acts became tough to book, Kristal turned to local artists.
Production is slated to begin June 25 in Savannah, Ga., before moving to New York.
'CBGB', which features a previously announced cast of Alan Rickman, Malin Akerman, Joel David Moore, Stana Katic and Rupert Grint, is being directed by Randall Miller (Bottle Shock), who co-wrote The Script with Jody Savin.