The city anticipates hundreds of millions of dollars in development and improvements in the area between Wingra Creek and the Beltline.
Earlier in the day, a 64-year-old man was shot multiple times at Penn Park on the South Side in a separate incident, police said.
The annual gathering in the former Simpson Street area recognizes the revival of the once-troubled South Side neighborhood.
Police said one bullet entered an occupied home, traveled through two doors and stopped near a bed.
With no discussion, the council upheld Tuesday the Plan Commission's recommendation to deny zoning changes for the now-stalled $40 million project.
The WEDC grant will aid prospective tenants of the planned South Madison Black Business Hub with grants and loans to sustain and scale up operations.
It would be the city's third purchase since last year of land on the South Side for potential redevelopment.
"Being in this neighborhood and growing up in Madison, it's always been a staple in the community. It's so good to see such a good turnout coming off the year we just came off of."
A 70-year-old man faces his seventh OWI after a crash on the South Side on Saturday night, Madison police reported.
After announcing a partnership to locate a new hub for minority businesses at the Village on Park Mall, Madison is proposing to build a $9.1 million parking garage to serve the evolving gateway to Downtown on the South Side.
The Madison Reading Project's new space at 1337 Greenway Cross is already filled with thousands of books and supplies.
The charter announced Tuesday a $14 million donation from American Girl founder Pleasant Rowland will fund the purchase of a Monona office building as the school looks to expand to all grades by 2024.
Multiple people called 911 Wednesday morning to report the shots fired and a person running with a gun.
The council also denied Tuesday for a second time a liquor license for a Stop-N-Go store in Schenk's Corners, despite legal warnings from a city attorney.
The City Council signed off Tuesday on the 15-story apartment and grocery store, while also rejecting a bid to rezone an Amazon distribution center on the East Side and other surrounding properties.
"Many South Madison residents have already been displaced from an area they’ve called home for years," Mayor Satya Rhodes-Conway said.
The funding would support architectural design, site development and capital fundraising ahead of the project’s estimated groundbreaking next year.
"We truly believe that creating a physical space for Black people to celebrate our culture, pay tribute to our history, and nurture future Black leaders will advance the entire community," the Rev. Dr. Alex Gee said.
Dane County Executive Joe Parisi’s first 2021 budget initiative is putting $2 million toward an economic development hub on Madison’s South Side dedicated to supporting minority-owned businesses.
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The county is giving $100,000 toward initial planning of the economic development hub for the South Park Street corridor.
Improperly discarded fireworks are believed to be the cause of a house fire on the South Side on the Fourth of July that injured one person, the Madison Fire Department reported.
A Racine man and boy who police say are members of the Northside For Life gang have been charged in the June 2 North Beach shooting that injured five.