After a crowdfunding campaign and a number of benefit shows, Goodbye Blue Monday successfully raised the $7000 it needed to pay back fines owed to the city.
In a post on Facebook on March 23, the owner, Steve Trimboli, expressed his appreciation for the support, noting: "Thank you for your magic. We have reached our goal."
While its immediate troubles are over, there are other problems that loom on the horizon. In particular, a rumored doubling in the rent threatens to create further financial difficulties. However, Trimboli was optimistic about the long-term success of the business, citing the quality of the current management. "I think it'll be ok," Trimboli observed. "Sunday, who's running the place is a great kid and loves the place. That's what's most important."
Goodbye Blue Monday is a lone success story, standing in the face of a larger trend of local music businesses closing in Manhattan and Brooklyn. In October of 2013, the Back Fence in Greenwich Village closed after 68 years in business, due to a pending increase in rent. That same month, the Living Room in the Lower East Side closed due to financial difficulties (though a re-opening is planned for Williamsburg). In April of 2013, record store Bleecker Bob's (also in Greenwich Village) closed its doors after the building was sold to a frozen yogurt establishment. In August, Bar 4 in Park Slope closed due to "financial realities".