As long as we don't have to wear those weird spandex suits they always seemed to be wearing in the "city of tomorrow"...
Actually, I think it would be a great idea to work out a creative plan and put in all sorts of neat gadgets. But it will only work if a lot of it is somehow turned over for competition in the private sector. Otherwise we'd have something sort of like any government facility - Leavenworth, say.
All kidding aside, I do too. It'd be a nice opportunity to test the country's creative ingenuity. There could be some private sector competitions to re-design some basic elements of the city, with the goals of improving performance and efficiency.
That would only serve to increase the sale of spare pairs of socks, and perhaps a gym membership or two.
If they start handing those out, DO NOT take a red one. The poor bastards in red always get killed.