The city is seeking proposals for an exclusive agreement for a berthing agreement that would include a floating restaurant and a vessel for river excursions.
Officials said the operation would be another enhancement for the downtown riverfront.
The city is seeking an entrepreneur who would enter into a 10-year contract with options up to 10 years more.
Officials said, "The City is requesting qualified firms to submit Formal Proposals for a qualified entity to enter into an exclusive Berthing Agreement with the City of Chattanooga and Chattanooga Downtown Redevelopment Corporation for the operation of a floating restaurant with an additional vessel for the operation of river excursions.
"Background Information: For the enhancement of the Riverfront, it is the desire of the City and the CDRC to have available for the public a floating restaurant and riverboat excursion operation. The Berthing Agreement is proposed for a term of ten (10) years, with the option to renew for two (2) additional terms of five (5) years each.
"The Berthing Agreement will be for the exclusive use of three hundred (300) contiguous feet of the down bound left bank of the Tennessee River in the proximity of and upstream from, but not beneath, the Olgiati Bridge with the downstream (or westernmost) limit at or near Rivermile 463.69 and extending three hundred (300) feet upstream (or eastwardly) therefrom.
"Contract Term: as above, the Berthing Agreement is proposed for a term of ten (10) years, with the option to renew for two (2) additional terms of five (5) years each. Number of Contracts to be awarded: The City of Chattanooga reserves the right to award a single contract or multiple contracts."