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Chicago Loop Alliance: Q4 Activity Driven by Arts, Transit and Investment
Theatre, transit and investment all played a major role in 2022’s fourth quarter for the Loop, the Chicago Loop Alliance reported. In particular, theatre and performing arts drew nearly 700,000 visitors to the Loop and $190,059,129 in direct economic impact, while public transit use reached a pandemic level recovery rate high of 73% of 2019 levels.
Major investment announcements in downtown’s economy included Saks OFF 5th reopening, Vivid Seats’ headquarters deal and Toys “R” Us opening inside Macy’s on State Street. “The changing season and excitement of the holidays brought palpable vibrancy to the Loop this year, as well as a shift from viewing progress compared to pre-pandemic toward more intentionally projecting the current state of the Loop and its future,” said Michael Edwards, president and CEO of Chicago Loop Alliance.
He added, “We look forward to showcasing the infinite sectors and industries that influence the Loop’s economy and success.”
- ◦Economy
