Yes, and it should be extended to any new S50 development too. Otherwise, the intersection of Iron Point and E Bidwell will only get much worse 
S50 provides us with an excellent opportunity to modernize our city and adopt to the future, instead of building upon past theories. Our fearless leaders have already missed a great opportunity to diversify our water sources without having the city to pay (having the developers/land owners NOT rely on Folsom Lake) and we're on track to miss developing a 21 Century-style addition to our city.
Young people do not travel (or live) the way that those older than them do. They want and desire different things. There is tons and tons of research done that supports the fact that millennials do not like to drive as much as older people do and much prefer transportation alternatives -- AND that this trend is very likely to persist. The habits of 40-year olds is different than 60-year olds, too.
Many don't understand how this could be the case, but there are many hurdles and alternatives available now that once weren't. Drivers license restrictions have changed what turning 16 means compared to when we were young. Back in the day, turn 16, here's your license! Go load up 10 people in your car and go to town! Now, graduated driving laws (49 states have them) means it takes longer and is more expensive to get your license and places restrictions upon new drivers that gradually go away. This has led to reduced numbers of licensed drivers and their habits have permanently changed.
Personal technology means that you don't have to get in your car and drive to see someone in order to interact. Social media, Skyping, smart phones and apps that map routes for people and let them know when the next train/bus is arriving - among others - all make convenient alternatives and make public transportation easy to use. ZipCar, bike-sharing, Uber, and the like make having your own car 24/7 less necessary.
And then there's money. Fuel prices are significantly higher, as well as auto prices, for young people now. Stricter DUI laws rightly influence their (and our) habits and increase use of public transportation or carpooling. Even the cost of a smart phone, which can easily be $1k+ year, influences their purchases. What 16 to 25-year old would give up their smart phone in order to have their own car? Ummmm, probably none.
We can't ignore these facts and shouldn't continue to build Folsom based upon the original suburban desires of June and Ward Cleaver. We want Folsom to be thriving and desirable, not stagnant and out-of-touch. It's time to look forward.