No matter what eventually happens, Government Street will never return as a major (or even minor) thoroughfare.
That ship sailed long ago, and I can't see any local government (even after this current bunch are tossed out) ever backtracking on further pedestrianizing what is really the jugular vein of Victorias downtown (walking) tourist trade.
These by-law modifications that are proposed will presumably allow for COVID recovery (whether you agree or not, that's the intent), and will be used as a precursor to once again permanently alter Government Street.
Despite the myriad by-law amendments, articles, clauses, and stated intentions - the COV has made sure that once COVID is behind us, they will once again be able to legally delay every single application for anything "new" or "different" in the downtown core - and it seems almost obvious at this point in time that Government Street will never return to what it is today, even once COVID has passed.