SharePoint "Choice" Site Column Hides Text In Some Lists But Not In Others

Hello all,

We've got a site column we're using for projects. The idea is that we can add projects to the site column and have it become an option in all lists that have the "Project" column instead of having to go into each list and individually to add a project.

The issue is that when we try to format the site column to put different color highlights behind each project, some lists start to show a blank option in the column. These blank options are still the actual projects but the text and highlighting doesn't show. The weird thing is that this only happens in some lists. In other lists the projects and highlighting all shows just as expected. What could cause certain lists to work well with the site column and not others? JSON at the bottom of this post. Thank you!

{
  "$schema": "https://developer.microsoft.com/json-schemas/sp/v2/column-formatting.schema.json",
  "elmType": "div",
  "style": {
    "flex-wrap": "wrap",
    "display": "flex"
  },
  "children": [
    {
      "elmType": "div",
      "style": {
        "box-sizing": "border-box",
        "padding": "4px 8px 5px 8px",
        "overflow": "hidden",
        "text-overflow": "ellipsis",
        "display": "flex",
        "border-radius": "16px",
        "height": "24px",
        "align-items": "center",
        "white-space": "nowrap",
        "margin": "4px 4px 4px 4px"
      },
      "attributes": {
        "class": {
          "operator": ":",
          "operands": [
            {
              "operator": "==",
              "operands": [
                "[$Project]",
                "ProjectNameXYZ"
              ]
            },
            "sp-css-backgroundColor-BgCornflowerBlue sp-field-fontSizeSmall sp-css-color-CornflowerBlueFont",
            {
              "operator": ":",
              "operands": [
                {
                  "operator": "==",
                  "operands": [
                    "[$Project]",
                    "ProjectNameXYZ"
                  ]
                },
                "sp-css-backgroundColor-BgMintGreen sp-field-fontSizeSmall sp-css-color-MintGreenFont",
                {
                  "operator": ":",
                  "operands": [
                    {
                      "operator": "==",
                      "operands": [
                        "[$Project]",
                        "ProjectNameXYZ"
                      ]
                    },
                    "sp-css-backgroundColor-BgGold sp-field-fontSizeSmall sp-css-color-GoldFont",
                    {
                      "operator": ":",
                      "operands": [
                        {
                          "operator": "==",
                          "operands": [
                            "[$Project]",
                            "ProjectNameXYZ"
                          ]
                        },
                        "sp-css-backgroundColor-BgLilac sp-field-fontSizeSmall sp-css-color-CoralFont",
                        {
                          "operator": ":",
                          "operands": [
                            {
                              "operator": "==",
                              "operands": [
                                "[$Project]",
                                "ProjectNameXYZ"
                              ]
                            },
                            "sp-css-backgroundColor-BgDustRose sp-field-fontSizeSmall sp-css-color-DustRoseFont",
                            {
                              "operator": ":",
                              "operands": [
                                {
                                  "operator": "==",
                                  "operands": [
                                    "[$Project]",
                                    "ProjectNameXYZ"
                                  ]
                                },
                                "sp-css-backgroundColor-BgCyan sp-field-fontSizeSmall sp-css-color-CyanFont",
                                "sp-field-borderAllRegular sp-field-borderAllSolid sp-css-borderColor-neutralSecondary"
                              ]
                            }
                          ]
                        }
                      ]
                    }
                  ]
                }
              ]
            }
          ]
        }
      },
      "txtContent": "[$Project]"
    }
  ]
}