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The Opry House received the prestigious honor not only for hosting the weekly Opry program but also for its countless concerts, television tapings, award shows and corporate events throughout the year. The Grand Ole Opry House was built in 1974 and renovated in 2003 with a new audio system, an automated mixing console, projection system and more enhancements. The award will be announced during the telecast of the 42nd Annual Academy of Country Music Awards, May 15 from Las Vegas on CBS, beginning at 8 p.m. ET.