PORTLAND, Ore. — A Portland institution that just months ago was on the brink of closing has now managed to bounce back from the edge. Michelle Wachsmith, owner of Dan & Louis Oyster Bar, said a nearby Old Town revival helped save the more than century-old restaurant.
The oyster bar is tucked into Ankeny Alley, just steps from the Paris Theater. Wachsmuth said that back in October, business had slowed to the point where she feared the restaurant would not survive the holiday season.
“I literally didn’t think we were going to make it to Christmas,” Wachsmuth said. “I had enough money to pay the last payroll and hire a bankruptcy lawyer.”…