Paper Water (Part 2 of 4) Kern Water Bank
2,120 views · Published 18 June 2010 · 8:12 · Indexed 29 October 2026
Channel: btokars · 2010 · Nonprofits & Activism
Kern Water Bank The story of the Kern Water Bank is important because it started as a taxpayer-funded project to store water underground so it could be made available in times of scarcity to those who needed it. But the State ended up walking away from the project and handed it over to the Kern Water Agency who immediately gave ownership of it to the Kern Water Bank Authority, an entity made up of water districts and Paramount Farms, owned by Stewart Resnick. Mr. Resnick is the major owner and beneficiary of this former State-owned water bank and it has made him even richer and more powerful.
