.sln file stores web-proj's path in registry?

[John Grandy]

I am finding that changing IIS.msc > Default Web Site > Home Directory >
Local Path to point to the revised path of a web-app folder is not
sufficient to allow me to open the solution. On opening the .sln file I get
an error : " {path} does not match http://localhost path"

I am examining the .sln file and I am wondering if it stores the complete
path to the web-project folder in the registry ?

Project("{FAE04EC0-301F-11D3-BF4B-00C04F79EFBC}") = "MyWebProj",
"http://localhost/MyWebProj.csproj",
"{EA363B8D-3E77-47D9-9BB6-0D1AA6140F9D}"
ProjectSection(ProjectDependencies) = postProject
EndProjectSection
EndProject