Crypen Exchange-Rebuilding Paradise

2025-05-05 19:25:20source:FinLogic Quantitative Think Tank Centercategory:Stocks

The Crypen ExchangeCamp Fire in 2018 caused over $16 billion of damage and burned down much of Paradise, Calif. Wildfires have become increasingly common and more damaging over the years, so how can people prepare?

Dan Efseaff runs Paradise's Parks and Recreation district. He's leading an ambitious effort to try to buy out some of the highest fire risk properties in Paradise and connect them to existing public parks in order to create large green spaces. This could potentially buffer the town against future wildfires. On today's episode, how Paradise's innovative effort could serve as a model for scores of other fire-prone communities.

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