The post-wildfire public-private partnership includes at least $100M of private capital and will shape "what L.A. is going to be like for the next 50 or 100 years."

Gov. Gavin Newsom has launched a program called LA Rises which will provide financial support from private sectors to rebuild areas affected by LA wildfires.

California Gov. Gavin Newsom (D) announced a private sector effort entitled “LA Rises” to rebuild Los Angeles communities on Tuesday after days of devastation caused by wildfires. Newsom selected

The governor tapped former LA Laker Magic Johnson, Dodgers chairman, and Olympics 2028 organizer to lead the philanthropic effort.

The goal of LA Rises is to raise more funds through private donations to supplement local and state resources for rebuilding in the fire zones where entire neighborhoods have been wiped out.

Mark Walter Family Foundation and Los Angeles Dodgers Foundation have provided an initial commitment of $100 million.

The program has enlisted Dodgers Chairman Mark Walter, Magic Johnson, and LA28 chairman and president Casey Wasserman to lead the initiative.

Gov. Gavin Newsom is tapping Magic Johnson, Dodgers Chairman Mark Walter and 2028 Olympics organizer Casey Wasserman to lead a new private-sector initiative to support wildfire recovery