ERROR 000372: Spatial Reference for output is invalid, Please update to allow output to become valid

[AnnaSloan]

I am trying to do a colocation analysis between fast food restaurants and public schools, and everytime I upload them into the colocation analysis tool, it gives me this error - "ERROR 000372: Spatial Reference for output is invalid, Please update to allow output to become valid." I was wondering if anyone had any ideas as to how to fix this? I was thinking maybe since I do not have the GEOID only the coordinates that it won't work? Or maybe there is something going on with the data within the project and its connection to the data in my files? I have attached pictures of my project and my attribute tables. I am also working with ArcGIS Pro 2.8.0 if that makes a difference. Thanks!!

[JamesPoeschel]

I just got this error while trying to run a Hot Spot Analysis (Getis-Ord Gi*) tool on a roads feature that was spatially joined to crashes. I kept getting this error. What fixed it was redoing/re-exporting all the layers that led up to your input feature class. And if you have a network dataset, make sure to use that same line feature used to create the network.

Restarting the workflow and overwriting your layers might be a good first step if you come across this problem. It seems like it is a bug. there is little documentation about this error.