What can the City of Chicago legally do if an investment partnership refuses to sell property needed for job creation?

The City of Chicago can exercise the right of eminent domain through condemnation if an investment partnership refuses to sell property that is necessary for job creation. Eminent domain allows a government entity to take private property for public use, provided that the owner receives just compensation. This is often justified by the need for infrastructure development, public projects, or initiatives that promote economic growth and job creation.

In this scenario, the city's interest in facilitating job creation is a valid public purpose that supports the use of eminent domain. The process typically involves a legal procedure where the city must demonstrate the necessity of taking the property, ensuring that the action serves the public good.

The other choices do not align with established legal practices regarding property rights and government authority. Private property is not inherently exempt from eminent domain; rather, it is subject to it when certain conditions are met. Escheat pertains to the state's claim on property when an owner cannot be located, which is not relevant here. Tacking refers to a legal concept related to the continuity of ownership, not applicable to the government’s ability to acquire property forcibly. Thus, exercising eminent domain through condemnation is the appropriate legal action for the city in this case.