I think the biggest problem is not technology but the scale and
manpower involved in monitoring and responding to alarms. This stuff
is very similar to my work, and police like doctors HATE false
positives and will stop responding at some point. Just as big a
problem is that the PD doesn't exactly put property theft at the top
of their priority list, so by the time they respond the crooks are
long gone.
Technologically, it's a real interesting problem because of the scale
of the problem - one source claims that there are 2700 miles of urban
improved road - at one sensor every fifty feet you have over 270K
sensors to cover this much road (~100/mile) and then you need to
connect those back to a common point (the HECO meter?) and from the
common point to a monitoring center. To avoid a parallel wired
network (more $s for the crooks!) you could use power line
communication. I thought I saw a power line interface implemented as
an Arduino shield somewhere so you could make a master that polls a
bunch of slaves every couple of hundred ft down the line for quite
cheap.