Rick Caruso has established the Steadfast LA foundation to expedite wildfire recovery efforts in Los Angeles and Altadena. By collaborating with distinguished engineering and technology executives, the foundation seeks to leverage innovative solutions for rebuilding. Caruso emphasized the necessity of a public-private partnership, inspired by successful initiatives like Operation Warp Speed, which accelerated COVID-19 vaccine development. He intends for the foundation to operate without compensation for its advisors, committing millions from his own finances to support the recovery projects while aiming to minimize recovery timelines significantly.
"I wanted to bring together some of the smartest people in different fields and literally roll up our sleeves, get our hands dirty."
"The scale of the reconstruction effort is way too big for the government alone…we need to tap experts for innovative solutions."
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