Nonsense.
A new name changes nothing. That's like the silly idea of merging the city into the county and calling it all "Buffalo" so that the "city" of Buffalo will look "better" to outside investors. I can see that playing well on Jay Leno on the Tonight Show:
Question:"What city in the US has the most dairy cows, Jay?"
Answer: "Buffalo, New York. It has 6,347, Kevin. " (or whatever the number) "Buffalo also has more tractors than any US city and more manure spreaders, too!"