You're just killing business. Which offsets any parking revenue, and then some.
Expand the side lot parking areas. And all of the unused parking potential on the East side near the creek as part of developments there.
Parking meters are a bad idea. You want to increase convenience, not hassle.
Any revenue gained will be smaller than the business driven away because of the aggravation.
Tourists don't *have* to come to Beacon. So don't give them a good reason not to. You want to make it easy and pleasant for them to visit. Or they won't.