Future of Monroe’s Mandolin Still in Play

The Bill Monroe Foundation has until Oct. 26 to raise the balance of the $1.125 million it needs to finish the purchase of Monroe’s 1923 Gibson mandolin, The Associated Press reports. The foundation hopes that the mandolin will be the centerpiece of Monroe’s restored home in Rosine, Ky. State support has not been forthcoming, however. The foundation is selling $25 shares in the mandolin to cover the remaining debt of $975,000. The Country Music Hall of Fame and the Gibson company also have expressed interest in the famous instrument. 06/27/02