Heavy and localized summer events are very hard to predict and, at the same time, potentially dangerous for people and properties. This paper focuses on an event occurred on 15 July 2020 in Palermo, the largest city of Sicily, causing about 120 mm of rainfall in 3 h. The aim is to investigate the event predictability and a potential way to improve the precipitation forecast. To reach this aim, lightning (LDA) and radar reflectivity data assimilation (RDA) was applied. LDA was able to trigger deep convection over Palermo, with high precision, whereas the RDA had a key role in the prediction of the amount of rainfall. The simultaneous assimilation of both data sources gave the best results. An alert for a moderate–intense forecast could have been issued one hour and a half before the storm developed over the city, even if predicting only half of the total rainfall. A satisfactory prediction of the amount of rainfall could have been issued at 14:30 UTC, when precipitation was already affecting the city. Although the study is centered on a single event, it highlights the need for rapidly updated forecast cycles with data assimilation at the local scale, for a better prediction of similar events.