The street is back in the Mifflin Street Block Party. For the first time in years, revelers at the annual end-of-the-school-year party on Saturday will be allowed to drink beer in the street on designated blocks of Mifflin and North Bassett streets. Majestic Theatre and Capitol Neighborhoods Inc., the co-sponsors of the event, obtained a beer license and the party will feature a stage with live bands. The party started in the late 1960s as a peace festival, but it has since morphed into a UW-Madison student tradition to celebrate the end of the school year. It has not been legal to carry open containers of alcohol on the street at the festival since the early 1990s, when the Mifflin Street Co-op stopped sponsoring the event.