Due to unresolved civic tensions, Chicago's Clark Street faces a potential shutdown despite expansions of outdoor dining programs in other global cities.
Adviser Brenda Jacobsen is holding her breath and suggesting an uptick in activity late last year and the first quarter this year heralds a comeback in 2024 transaction volume overall.
In Illinois, Chinese investors own only about one square mile of land, while Portuguese, Italian, and Canadian interests hold over 760 square miles combined.
For Chicago's sports stadiums, the financing debate between public funds and private investment remains an obstacle, as it has been for stadiums around the world.
Chicago's strategy to boost international tourism through partnerships, like Brazilian influencer Lucas Estevam, aims to attract diverse audiences with tailored experiences.