I don't think the concern is that people won't be able to walk by or under it. The concern is that it will take up an open broad space that could be used for public concerts or events.
Seeing it in person (though over a fence in a crowd
), it appeared to sit in the area between the "arm lights" and the road. If that's the case, then there is still plenty of truly vacant space between it and the water.
But if it sits in the middle, it might well prevent the use of the space for other purposes.
Either way, l like it and am glad it will remain.