Home of Capricorn Records unable to be saved due to Economic downturn
(AP) -- A building that once housed a recording studio used by the Allman Brothers and other popular performers in the 1970s is about to be put up for auction.
The building was the home of Capricorn Records, founded in 1969 by Phil Walden, his brother Alan, and Frank Fenter.
Phil Walden convinced Duane Allman that year to put together the Allman Brothers Band. The Allman Brothers, along with other Capricorn acts such as the Marshall Tucker Band, recorded there until the company went out of business in 1979.
The building is scheduled to be auctioned off Tuesday. Property owner Alan Justice says he had hoped to save the building, but the economic downturn made it impractical. He says it needs about $1.7 million in repairs.
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