In those days you could buy a working 440 roadrunner that'd press your eyeballs back in their sockets for $400. I almost bought a 68 Chevy Super Sport with some massive engine in it for $600. Sometimes I wonder if it was a good thing I didn't buy it :-/ That car today would cost a bleedin fortune.
Those people who do free climbing, they're crazy, and have a short life expectancy. Not something I'd ever consider. But I'm not going to tell them they can't do it.
After all your description sounds somehow safe, the problem would still be a ton accelaterated in public space which has nothing to do with free climbing
Naturally, they'd race them. All over the place. By informally setting aside a safe boulevard at night for them to express those urges, the idea was things would be more safe, not less, and the cops could keep an eye on it to keep things from getting out of hand. After the cops were forced to shut it down, it went back to being distributed around the city in a much less safe manner.