The celebration of Latino culture features musical artists from across Latin America, this time bringing Shakira, Don Omar, Peso Pluma and more to the stage.

The Chicago Park District board approved the deal Wednesday, along with an option to extend the contract another five years.

And for the third consecutive year at Grant Park’s Hutchinson Field, the Sueños Music Festival is set to celebrate reggaeton and Latin music artists during the Memorial Day holiday weekend.

According to an economic impact study, the 2022 Sueños Festival contributed $120.9 million to Chicago’s economy, and Chicago workers earned an extra $5 million in additional labor income. The festival returns this year May 27-28 at Grant Park.