Gavin Newsom announced Tuesday a new private sector initiative to help rebuild Los Angeles following the Los Angeles wildfires. Titled LA Rises, the recovery effort will bring together high-profile leaders around the city including Dodgers Chairman Mark Walter,

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."

The governor of California has tapped three of Los Angeles's most influential people to lead the fire recovery initiative.