His comments come after Europe's largest urban art festival - Upfest - was in Bristol last weekend, with 250 street artists filling venues across North Street in Bedminster and Southville with exhibitions and live painting events.
Now in its fifth year, Upfest is billed as "Europe's largest urban art festival".
But in a series of questions tabled for this month's full council meeting, Mr Eddy is demanding to know the extent of the authority's commitment to this form of self-expression.
He said: "Sadly, for every Banksy in this world, there is a multitude of talentless taggers.
"This questionable art form is even being proposed as part of a
�100,000 make-over for other parts of Bedminster under the Portas Pilots initiative. We need to know what sort of consultation has or will take place over using yet more money for this purpose.
"I am concerned that the Lib Dems seem to have become fixated upon street art as some kind of magic bullet to solve our urban ills and provide a quick fix to economic regeneration."
You can see more of Upfest in our gallery of photos here.
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