The Off-Broadway company will open the world premiere from Itamar Moses February 27.
Playwright James Meneses has set the band's music to a story of a dystopian future where dreaming is illegal.
The Tony winner is playing the title role in Broadway's Sweeney Todd at the Lunt-Fontanne Theatre.
David James Robinson will direct the 45-member company of the Stephen Sondheim-James Goldman classic.
Corey Cott stars in the Huey Lewis and the News jukebox musical.
Carroll has been with the non-profit theatre company for a decade.
Kara Young, Lauren Yee, and more attended the production directed by Steve H. Broadnax III.
Tony nominee Alex Brightman teamed up with composer Drew Gasparini to create the new play.
A collaboration with the Times Square Alliance, the weekend-long event will invite theatre fans to the heart of Broadway for performances, sing-alongs, and more.