LA Fire Rebuilding: Billionaire Caruso starts nonprofit for restoration efforts

Billionaire developer Rick CarusoA vocal critic of Los Angeles management during last month’s fires, announced that he will lead a nonprofit aimed at speeding up private sector involvement in the area’s massive reconstruction efforts.

Known as steadfast LA has the organization enrolled leaders from such companies as Netflix Inc.At Amazon.com Inc.JPMorgan Chase & Co. and CBRE Group Inc. In order to accelerate the restoration of communities. The group includes experts in areas including design, financing, technology and property development.