The Kern Water Bank is a public-private partnership which oversees a 32-square-mile water recharge basin in California. [1] [2] It sources water from the Kern River, the State Water Project, and the Central Valley Project. [3] It stores underground up to 1.5 million acre feet of water (500 billion gallons). [4]
57% of the bank is controlled by Stewart Resnick and Lynda Resnick, the owners of Pom Wonderful and Halos oranges. In 2021, their stake was estimated to be worth over $1 billion. [5]
Southern California is a geographic and cultural region that generally comprises the southern portion of the U.S. state of California. Its densely populated coastal region includes Greater Los Angeles and San Diego County. The region generally contains ten of California's 58 counties: Los Angeles, San Diego, Orange, Riverside, San Bernardino, Kern, Ventura, Santa Barbara, San Luis Obispo, and Imperial counties.
The Los Angeles River, historically known as Paayme Paxaayt'West River' by the Tongva and the Río Porciúncula'Porciúncula River' by the Spanish, is a major river in Los Angeles County, California. Its headwaters are in the Simi Hills and Santa Susana Mountains, and it flows nearly 51 miles (82 km) from Canoga Park through the San Fernando Valley, downtown Los Angeles, and the Gateway Cities to its mouth in Long Beach, where it flows into San Pedro Bay. While the river was once free-flowing and frequently flooding, forming alluvial flood plains along its banks, it currently flows through a concrete channel on a fixed course, which was built after a series of devastating floods in the early 20th century.
The Governor Edmund G. Brown California Aqueduct is a system of canals, tunnels, and pipelines that conveys water collected from the Sierra Nevada and valleys of Northern and Central California to Southern California. Named after California Governor Edmund Gerald "Pat" Brown Sr., the over 400-mile (640 km) aqueduct is the principal feature of the California State Water Project.
Mechanics Bank Arena is a multi-purpose arena in Bakersfield, California. Located downtown at the corner of Truxtun Avenue and N Street, it was built in 1998, and was originally known as Centennial Garden, a name submitted by local resident Brian Landis. Bay Area-based Mechanics Bank has held the naming rights since September 2019, following their merger with Rabobank NA, which had held the naming rights since 2005.
Tejon Ranch Company, based in Lebec, California, is one of the largest private landowners in California. The company was incorporated in 1936 to organize the ownership of a large tract of land that was consolidated from four Mexican land grants acquired in the 1850s and 1860s by ranch founder Edward Fitzgerald Beale.
CBRE Group, Inc. is an American commercial real estate services and investment firm. It is the world's largest commercial real estate services and investment firm.
Ronald Wayne Burkle is an American businessman. He is the co-founder and managing partner of The Yucaipa Companies, LLC, a private investment firm that specializes in U.S. companies in the distribution, logistics, food, retail, consumer, hospitality, entertainment, sports, and light industrial sectors.
Tom Gores is an American billionaire businessman. He is the founder of Platinum Equity, a private equity firm headquartered in Beverly Hills, California. In June 2011, Gores and Platinum Equity became the owners of the National Basketball Association's Detroit Pistons. He became the sole owner in 2015. As of July 2024, his net worth was estimated at $9.1 billion.
Enos Stanley Kroenke is an American billionaire businessman. He is the owner of Kroenke Sports & Entertainment, which is the holding company of Arsenal F.C. of the Premier League and Arsenal W.F.C. of the Women's Super League, the Los Angeles Rams of the NFL, Denver Nuggets of the NBA, Colorado Avalanche of the NHL, Colorado Rapids of MLS, Colorado Mammoth of the National Lacrosse League, the Los Angeles Gladiators of the Overwatch League, and the Los Angeles Guerrillas of the Call of Duty League.
Aera Energy LLC is a natural gas, oil exploration and production company started as a joint venture between Shell plc and Mobil. Headquartered in Bakersfield, California, Aera Energy LLC is a California limited liability company, and one of California's largest oil and natural gas producers, with an approximate 2015 revenues of over $2 billion. Aera is operated as a stand-alone company through its board of managers.
Havilah was an unincorporated community in Kern County, California that was completely destroyed by the 2024 Borel Fire. The land is located in the mountains between Walker Basin and the Kern River Valley, 5 miles (8.0 km) south-southwest of Bodfish at an elevation of 3,136 feet (956 m).
MacAndrews & Forbes Incorporated is an American diversified holding company wholly owned by billionaire investor Ronald Perelman. Current investments include leading participants across a wide range of industries, from cosmetics and entertainment to biotechnology and military equipment. The principal interests of MacAndrews & Forbes include AM General, Harland Clarke, Merisant, RetailMeNot, Revlon, Scantron, Scientific Games Corporation, SIGA Technologies, Valassis and vTv Therapeutics.
Lynda Rae Resnick is an American billionaire businesswoman. Resnick is married to Stewart Resnick, who is her business partner, and through their holding company, The Wonderful Company, they own the POM Wonderful and Fiji Water brands, Wonderful Pistachios and Almonds, Wonderful Halos, Wonderful Seedless Lemons, JUSTIN Wines, Landmark Wines, JNSQ Wines, and the Teleflora floral wire service company.
The Wonderful Company LLC is a private corporation based in Los Angeles, California. With revenues of over $4 billion, it functions as a holding company for Stewart and Lynda Resnick and as such is a vehicle for their personal investments in a number of businesses.
Stewart Allen Resnick is an American billionaire businessman. Resnick is the wealthiest farmer in the United States with a net worth exceeding eight billion dollars as of 2022. Resnick and his wife, Lynda Resnick, bought The Franklin Mint in 1986 and sold it in 2006. Since 1979 Resnick has been the chairman and president of The Wonderful Company. He is married to Lynda Resnick, and through their holding company they own the POM Wonderful and Fiji Water brands, Wonderful Pistachios and Almonds, Wonderful Halos, Wonderful Seedless Lemons, JUSTIN Wines, Landmark Wines, JNSQ Wines and the Teleflora floral wire service company. Resnick holds a majority stake in the Kern Water Bank.
The construction of the California High-Speed Rail system is an undertaking by the California High-Speed Rail Authority. The project is expected to span about 800 miles (1,300 km) and will be completed in two phases:
Taft Correctional Institution was a low-security federal prison for male inmates located in Taft, Kern County, California, owned by the Federal Bureau of Prisons (BOP) and operated by Management and Training Corporation under contract with the BOP. It also included a satellite prison camp for minimum-security male inmates.
American Savings and Loan Association was an American savings and loan based in Stockton, California. In 1988 it was the largest thrift failure and the federal government's costliest resolution during the savings and loan crisis at an estimated cost of $5.4 billion.
The Beacon Solar Project is a photovoltaic power station in the northwestern Mojave Desert, near California City in eastern Kern County, California. Split into five phases, the combined Beacon solar facilities generate 250 MW of renewable energy for the Los Angeles Department of Water and Power (LADWP). The five phases of the project, fully completed in December 2017, include a total of 903,434 individual solar photovoltaic modules, mounted onto Nextracker single-axis tracking systems.
Avantus, formerly known as 8minute Solar Energy, is an American photovoltaic (PV) developer of utility-scale PV power plants and energy storage. Founded in 2009 by Tom Buttgenbach and Martin Hermann, it was acquired by KKR fifteen years later.
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