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,

Led by Magic Johnson, Casey Wasserman and Dodgers Chairman Mark Walter, the mandate is to create "a unified recovery initiative," raise money & recruit others.

Gov. Gavin Newsom said LA Rises, a new private-sector philanthropic initiative, will work with the city, county and the state to support the rebuilding of Los Angeles. Mark Walter and the Dodgers will provide up to $100 million.