Yes, there is a reduction of parking spots available with these terraces, and yes, in the case of the City of Sarasota, a loss of direct parking income with their parking meters.  However, there will also be an increase in sales tax collected on the food served and goods sold in these terraces. It is more of an economic investment for the expansion of the economy than a loss in parking revenue. What can’t be measured is the increase in the quality of life in terms of walkability.