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Local 10 News @ 3pm

The latest local, regional and national news events are presented by the Local 10 News Team along with updated sports, weather and traffic.

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

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Local 10 News @ 3pm

A rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

DAN GILBERT


EXPLAINER: Inside the proposed sale of the Suns and Mercury

Mat Ishbia’s career basketball statistics at Michigan State went like this: He averaged 0.6 points, 0.3 rebounds and 0.3 assists per game.

How Detroit moved on from its legendary bankruptcy

A new wave of development is rippling through downtown Detroit as the city moves on from its legendary bankruptcy.

cnbc.com

Nets drop first game without Durant, fall to Cavs 114-107

Darius Garland strengthened his All-Star case with 22 points and 12 assists, leading the Cleveland Cavaliers to a 114-107 win over the Brooklyn Nets, who began a stretch without injured superstar Kevin Durant.

Cavs still view Kevin Love as valuable piece in slow rebuild

The Cavaliers intend to keep Kevin Love around.

$500M fund to help Detroit neighborhoods, pay tax debt

The effort is kicking off with $15 million to pay off the property tax debt of 20,000 of the city's poorest homeowners. The $15 million Detroit Tax Relief Fund will leverage existing state and local programs that eliminate or reduce property tax bills, then pay off the remaining tax bill. It will be administered by a local nonprofit that also will provide counseling to homeowners to keep them out of future property tax debt. “It’s a problem that is ... massive and it's contagious.”Quianna Sims is one of the Detroit homeowners who will have their tax debt paid off. ___This story has been updated to correct that the Detroit Tax Relief Fund is only the $15 million that will pay off the property tax debt.

Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock's surge

Tuesday's dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per share. According to InsiderScore.com and securities filings, Gilbert owns roughly 1.9 billion shares of Rocket, putting his paper gain on the stock at more than $32 billion. The move pushed Gilbert into the top-20 of Bloomberg's Billionaire Index, with roughly $64 billion. Rocket, the parent company of Quicken Loans and Rocket Mortgage, went public last August.

cnbc.com

15 emerging U.S. downtowns

Detroit's downtown is transforming in large part thanks to billionaire Quicken loans founder Dan Gilbert who has poured millions into redeveloping the area's commercial real estate, relocating many of his businesses to the area. Hide Caption

Rebounding relationship: Cavaliers owner and LeBron James forgive and forget

Rebounding relationship: Cavaliers owner and LeBron James forgive and forget LeBron James, NBA's most sought after free agent, agreed to a 2-year, $42 million contract return to the Cleveland Cavaliers. Dean Reynolds reports from Cleveland on the long road to get Cavaliers owner Dan Gilbert and James back together.

cbsnews.com

Quicken Loans founder on Warren Buffet's "bracket" pitch

Quicken Loans founder on Warren Buffet's "bracket" pitch Dan Gilbert, the founder and chairman of Quicken Loans, discusses how Warren Buffett pitched the idea of his $1 billion bracket challenge, and why he may be second-guessing buying insurance for the contest.

cbsnews.com

Dan Gilbert on balancing his many businesses

Dan Gilbert on balancing his many businesses Dan Gilbert discusses how he juggles his responsibilities as the founder and chairman of Quicken Loans, majority owner of the Cleveland Cavaliers, chairman of Rock Ventures LLC, and many other business ventures.

cbsnews.com

Dan Gilbert talks $1 billion bracket challenge

Dan Gilbert talks $1 billion bracket challenge Cleveland Cavaliers majority owner and Quicken Loans founder Dan Gilbert has teamed up with Warren Buffett to offer $1 billion to anyone who picks a perfect bracket. Gilbert discusses the odds of picking the perfect bracket, Lebron James leaving the Cavaliers, and his efforts to revive Detroit with the "CBS This Morning" co-hosts.

cbsnews.com
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