It's really great that city coins can make people more crypto savvy. I saw that project getting promoted by a bigger Crypto influencer earlier last year.

But reading deeper into their concept made me come to a bad conclusion of their doing. The big turndown is, that the execution of the different proposed actions, as soon as funding, shall go back to the city as an entity. So it's making charitable crowdfunding for the local government. Automatically, therefore, getting political support and influence, that's a bad cycle to get in for a crypto project. The Point where the 'trustless' and the 'have to trust' touch for the real-world implementations looks potentially broken. Maybe they realized the same and decided therefore to not even try but just push the tokens back to citizens of the city - good move.