Beverly Hills Billionaires Bilk Bay-Delta, Taxpayers Too

Posted on | May 28, 2009 | No Comments

20090524__kernresnick1_galleryPoor farmers, except Stewart and Lynda Resnick. The Contra Costa Times reports that in addition to owning more than 115,000 acres in Kern County and the largest pistachio and almond growing and processing operation in the world, the Resnicks’ holding company, Roll International, also owns Fiji water, Pom Wonderful pomegranate juice, and Teleflora, the largest floral wire service in the world. Evidently that wasn’t rich enough, reports an excellent series by Contra Costa Times reporter Mike Taugher. The Resnicks have found a nifty way to profit from water, gleaning 20 cents of every dollar spent on Delta preservation — at the expense of the taxpayer and the environment. Taugher’s stories are linked below. If the links fail, you may need to register with the Contra Costa Times.

1. Farming’s Power Couple

2. Paper Shuffle Allows for Easy Money

3. Pumping Water and Cash from the Delta

4. Water Ownership Murky, Complicated

5. Gaming the Water System

Then brace yourself for what promises to be a scathing report to be released Monday June 1st about management of the Delta.

Via On Water


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