In case you're not aware, and im not sure about the "economic outcome", but The City of Sydney pedestrianised the main street through the city about 6 years ago

In case you're not aware, and im not sure about the "economic outcome", but The City of Sydney pedestrianised the main street through the city about 6 years ago when they also installed light rail, and it looks like they're extending it even further. https://community.sydneycivil.com/george-street-south-pedestrianisation https://community.sydneycivil.com/george-street-south-pedest...