The band will also co-curate the September 19-21 event at Kutshers Country Club in Monticello, N.Y.
The festival's centerpiece is a number of acts performing a seminal album in its entirety, including Built to Spill (Perfect from Now On), Meat Puppets (Meat Puppets II), Thurston Moore (Psychic Hearts) and Tortise (Millons Now Living Will Never Die).
Other artists on the roster include Shellac, Mogwai, Polvo, F**k Buttons, Autolux, The Drones, Low, Wooden Ships, Edan with guest Dagha and Thee Silver Mount Zion Orchestra.
The first batch of three-day festival passes goes on sale today at ATPFestival.com and are available with and without accommodations in on-site, motel-like rooms that sleep 3,4,5,6 or 7 people.
Additional tickets will go on sale in the coming weeks, with accommodations in a nearby hotel. Shuttle buses will run between the hotel and the festival site.
ATP is designed to be a boutique festival with a projected attendance of less than 3000 people.
Performances start in the mid-afternoon, with nearly 30 acts set to play live through the weekend, along with DJ sets until late night.
The festival site also features dining, bars and other amenities, including an indoor swimming pool, tennis and golf.