"The City" was awesome, and oddly revolutionary. It totally pre-dated the "Sex and the City" signature of showing people living really opulent lives in New York City when their profession would never actually allow it (most of the cast could afford a studio in Coney Island. MAYBE). It utilized location footage quite often, using the vibrancy of Manhattan as a character itself. It was way ahead of its time by showcasing the first transgender character on daytime TV (the exotic, but very stiff, Azure C). It's filmic look and handheld camera use was revolutionary at the time, but is actually quite commonplace now. After it got cancelled, Morgan Fairchild's (okay, her character was named Sydney Chase) loft became the set for "The View" for the next few years.
Really, how could you not love a show that used a mailroom and elevator as one of the main sets; that featured a deranged, yet oddly perky, serial killer called "The Masquerader" who wore a cloak and thought "No longer in service" recordings were their mother; and that showcases Morgan Fairchild in go-go boots in most scenes? It was, in a sense, a new twist on all the best things about soap opera.
Anyway, many of the alums of "The City" have gone on to much success, some even playing the same characters! So, in a way, "The City" lives on.