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The "Hello" hitmaker will be honored as the 2016 MusiCares Person of the Year.
Officials have spent around $3.8 million revamping the apartment on Brook Street in Mayfair to reflect how it looked when the rocker lived there.
The pair performed "I Still Haven't Found What I'm Looking For," and a Beatles classic too!
The rocker credits his bandmates with saving him from suicide following the death of his baby son.
Gary Rossington is determined to return to the band following a recent heart attack.