Billionaire developer Rick Caruso has launched a nonprofit organization, Steadfast LA, aimed at rebuilding Los Angeles following devastating wildfires. The initiative arises from Caruso's dissatisfaction with the response to the fire crisis and includes participation from notable figures in the private sector, like Netflix's Ted Sarandos. Steadfast LA seeks to remove obstacles to reconstruction and hold governmental bodies accountable for their response. Caruso highlighted the urgency of the situation, noting the significant pain and devastation experienced by residents, and pledged to fund the initiative himself.
Caruso emphasized the urgency of tackling reconstruction after the devastating wildfires, stating, "there's so much pain and devastation going on here, urgency is really critically important."
He underscored the importance of private-sector involvement in the initiative, saying, "private-sector engagement was key in establishing Steadfast LA and the roll-out includes the backing of some of the city's business heavy-hitters."
Collection
[
|
...
]