▁doll ar ▁renov ation ▁project ▁through ▁a ▁partners hip ▁between ▁Mer cer ▁University , ▁New T own ▁Ma con , ▁Sierra ▁Development , ▁and ▁Southern ▁P ines ▁Plant ations ▁announced ▁plans ▁to ▁fully ▁rest oring ▁the ▁original ▁studio ▁space , ▁early ▁plans ▁included ▁a ▁large ▁recording ▁studio ▁for ▁film ▁score ▁and ▁orch est ral ▁record ings , ▁a ▁Cap ric orn ▁museum , ▁and ▁lo ft ▁apart ments ▁on ▁the ▁upper ▁flo ors . ▁ ▁While ▁the ▁record ▁label ▁is ▁def unct , ▁the ▁legacy ▁of ▁Cap ric orn ▁lives ▁on ▁through ▁Mer cer ▁Music ▁at ▁Cap ric orn . ▁On ▁December ▁ 3 , ▁ 2 0 1 9 , ▁on ▁the ▁ 5 0 th ▁anni versary ▁of ▁the ▁original ▁studio ▁opening , ▁the ▁original ▁studio ▁space ▁re open ed . ▁Gr ants ▁from ▁the ▁P ey ton ▁Anderson ▁Foundation ▁and ▁John ▁S . ▁and ▁James ▁L . ▁Knight ▁Foundation ▁along ▁with ▁historic ▁tax ▁cred its ▁and ▁don ations ▁made ▁up ▁the ▁$ 4 . 3 ▁million ▁project ' s ▁fund ing . ▁ ▁In ▁addition ▁to ▁the ▁lo ft ▁apart ments ▁on ▁the ▁upper ▁flo ors , ▁the ▁four - building ▁rem odel ▁includes ▁a ▁small ▁bar ▁and ▁l oun ge - style ▁entrance , ▁a ▁museum ▁with ▁interactive ▁k ios ks , ▁a ▁music ▁inc ub ator ▁space ▁designed ▁for ▁mus icians ▁to ▁collabor ate ▁cre atively ▁or ▁store ▁equipment , ▁r ental ▁office ▁space , ▁and ▁two ▁recording ▁studio ▁spaces . ▁Studio ▁B ▁is ▁both ▁a ▁performance ▁ven