Cabinet is being asked to approve the allocation of £4m of funding to carry out improvements to Queens Gardens.
The improvements would see the complete rebuilding of the retaining walls to the gardens.
Cllr Daren Hale, portfolio holder for economic investment and regeneration, said: “Queens Gardens is a vital part of the city centre. By improving the gardens, we can create a more desirable green space which will draw more people into the heart of the city. This would benefit many city centre businesses and have a positive impact on the city centre economy.
“The gardens are also an integral part of the Hull: Yorkshire’s Maritime City project.
“These essential improvements would vastly improve the aesthetics and accessibility of the gardens. Carrying out these improvement works in one single package is both the most cost effective and quickest approach.”
Cabinet will be asked to consider allocating the funding from the council’s capital programme.
Cabinet is set to make its decision next month.