A deal that could change the future of Crystal River seafood and sushi restaurants in Oregon and beyond is underway.
The Oregonian reported that Crystal River and sushi restaurant owner Tom O’Neill announced the deal Thursday afternoon.
O’Neil said he’s negotiating with several potential locations, including one in the Portland area, and plans to open in 2020.
Crystal River Seafeed, the parent company of Crystal Springs, is the largest seafood company in Oregon, and O’Connor said he wants to make sure Crystal River customers will always have access to quality seafood, and Crystal River is committed to supporting Oregon’s seafood industry.
O’Neill said Crystal River plans to offer a new sushi menu in 2019, with the option of expanding to a second location in 2019.
He said he will also open a second Crystal River sushi restaurant in Portland, but only if Crystal River’s lease with the Oregon Fish and Wildlife Commission expires in 2020 and the company can secure the right to continue operating a second Oregon location.
Crystal River said it hopes to have the second Crystal Valley location open by late 2019.
The deal is worth about $10 million, O’Donnell said, and will allow Crystal River to increase the quality of seafood it sells, but also to make room for other restaurants in the future.
O’,Neill said the restaurant could serve as a source of income for Crystal River when the Oregonian article was published, which is why the deal is a “good fit” for Crystal.