MONEY raised from developers through a new building levy could help fund a series of city centre facelift schemes.
Funding raised by Hull City Council from the new-look community infrastructure is also expected to meet some of the costs of new flood mitigation measures across the city.
The authority recently launched a public consultation on what charges it is proposing under the new system.
It now says possible funding of a new pedestrian landbridge across Castle Street in the city centre is unlikely.
But a number of other high-profile long-term projects announced in the recent City Plan could be in line for contributions from the levy pot.
They include facelift schemes for Trinity Square and Queens Gardens and the redevelopment of Beverley Gate, the historic entrance to the Old Town.
The latter project is expected to see a major rethink over how surviving archaeological remains of the former gateway where King Charles I was famously refused entry to Hull in 1642 are displayed.
Under the levy, the council is proposing to charge up to £50 per metre depending on the type of new development being built.
Payment would follow the granting of planning permission.
Councillor Martin Mancey, portfolio holder for environment and transport, said: "The community infrastructure levy will secure much needed funding for infrastructure across Hull.
"The council is committed to ensuring Hull remains a business-friendly city that welcomes sustainable development and businesses and housing providers interested in developing in Hull should respond to this consultation."
Other potential City Plan projects that could attract funding include proposals to roll out LED street lighting across the city and improved cycling facilities.
Other ideas for more local schemes put forward by the council's area committees range from improvements to wildlife habitats in Bude Road playing fields in Bransholme to upgrading play facilities at a pocket park in Barnsley Street, east Hull.
In the consultation document, the council's planning policy officer Roger Gray said while major flood defence schemes already have money allocated to them, other smaller initiatives with a current funding gap could benefit.
"The levy could fund sustainable drainage systems directly or indirectly," he said. "Indirect intervention could be in the form of enhancement of other schemes, for example open space, public realm or transport.
"Swales, ditches, playing fields, ponds and porous surfaces could be included to improve drainage capacity."
The council's current consultation runs until September 30 and details can be found on the authority's website.
Another round of public consultation is scheduled for early next year before a final set of proposed charges are published late next year.