MTV reports:

50 Cent may rub some rappers in New York the wrong way at times, but the Queens-bred artist is generous as any entertainer when it comes to serving his community and fostering a direct relationship with fans.

This weekend was shaping up to be a display of his altruism: on Saturday he's busing in a number of residents from his former South Jamaica, Queens neighborhood to New Jersey for a day at Six Flags Great Adventures amusement park, followed by a 50 performance.

But his "40 Day" event, also known as "Family Day," scheduled for Sunday has hit a major snag and is being postponed indefinitely, MTV News has learned.

The rapper's representative released this statement to MTV News exclusively regarding the festivities.

"The G-Unity Foundation and New York Restoration Project are deeply saddened and disappointed to learn that the permit for our upcoming Family Day event was not granted by the City," the statement read. "As a result, Family Day scheduled for August 30th has been postponed until further notice."

The project, sponsored by 50 and actress Bette Midler, drew the ire of the city when authorities discovered the rapper may perform at the event. The drummed up controversy around the event, reporting that locals were concerned about violence. The story cited a number of local sources, several of them anonymous, with one person saying "police b**** were worried that a rival or punk out to make a name for himself would try to shoot Fitty during the performance."

The rapper spoke with New York City Mayor Michael Blo****erg and assured officials he would not be performing. Blo****erg confirmed he talked with 50 and indicated the event would still take place. The two seemed to settle on a compromise that things could proceed if the rapper didn't perform.

G-Unit rapper Tony Yayo said the event would still take place despite the minor setback when he spoke to MTV News one day after Blo****erg told reporters he met with 50.

"The mayor was saying he spoke to 50 and he agreed that it wouldn't be a performance. Yo, I can't get at the mayor," Yayo said. "I don't even wanna say anything bad about him I don't wanna get pulled over when I leave from outta here! But 50's big, 50s bigger than life. Rumor is he spent over half a million dollars on this."