My biggest issue, though, is the inequitable terms of tracking. If you live in a given neighborhood then you can opt out. Great. That gives those people preference. And treats everyone else as lesser citizens because they don't live there. We're talking about public spaces so there really shouldn't be any inequity. I think the company behind this sees the opt out ability for locals as the only way to make this palatable to people on a large scale.
Also, how is "neighborhood" defined? I assume it's by them and has some radius or something like that. And I'm also fairly certain to opt out would require me creating an account and providing my name, address, and car info (at minimum).
You want to record everything in public spaces? Fine, the law says you can do that so I respect that right. But that does not mean I am a fan of this by any stretch of the imagination. I feel like the real reason for this is something more nefarious they have planned later on - it could really be a way to finally track the remaining untrackables in our society who may be older and not have or use all the fancy tech we have today that tracks everything. It could also include people like myself that go to reasonable but not insane methods to circumvent tracking methods simply because I don't like to be tracked. There's really nothing I can do if they see me leave my house and drive to my friend's place and hang out there for 5 hours. Since I don't use social media they can't really connect that he and I are close friends without a tool like this. They can now make that association, which was previously near impossible to achieve.