Earlier quoted context omitted.
Before: If you build a building of this size, you MUST also build at least X parking spaces. Now: If you build a building of this size, you MAY build as many parking spaces as you think you need. Seems like a strict improvement to me.
When it comes to property development, anything that you leave to optionality in code enforcement ends up being a thing that never happens ever. For something to be available it has to be required by building codes.
Can you see the design conversations going, "let's provide for practically no parking spots, so we can get less foot traffic and nobody will want to come shop here!"
In areas that support public transit and promote multi-modal, the businesses which thrive there are ones which cater to folks who eschew private vehicles. And that's a distinctly different crowd! So I think it'll work out great.