Kern Water Bank

The Kern Water Bank is a public-private partnership which oversees a 32 sq mi (83 km2) water recharge basin in California. It sources water from the Kern River, the State Water Project, and the Central Valley Project. It stores underground up to 1,500,000 acre⋅ft (1,900,000 ML).

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.

References

  1. ↑ "State failed to analyze effects of water bank, judge rules". Los Angeles Times. March 6, 2014.
  2. ↑ Arax, Mark (December 19, 2003). "Massive Farm Owned by L.A. Man Uses Water Bank Conceived for State Needs". Los Angeles Times.
  3. ↑ https://repository.uclawsf.edu/faculty_scholarship/1827/
  4. ↑ Sorvino, Chloe. "Amid Drought, Billionaires Control A Critical California Water Bank". Forbes.
  5. ↑ Director, Bill McEwen, News (November 23, 2021). "Resnicks' Stake in Kern Water Bank Could Be Worth $1 Billion: Forbes".{{cite web}}: CS1 maint: multiple names: authors list (link)

Official website

35°18′N 119°16′W / 35.300°N 119.267°W / 35.300; -119.267