Monmouth Music owner Mario DiBartolo plans to open the STEM Music Academy in the space. (Photo by John T. Ward. Click to enlarge.)
By JOHN T. WARD
Even as he was buying Monmouth Music two years ago, Mario DiBartolo knew he was swimming against the current that has swamped so many small retailers in the past two decades.
Yes, he hoped to retain the Red Bank store’s loyal customers and continue selling guitars and other musical instruments, he told redbankgreen last year. But his investment was really in the Monmouth Street real estate that housed the 30-year-old business, he said.
Now, he’s throwing in the towel on retail.