- Associated Press - Friday, June 5, 2015

PORTSMOUTH, N.H. (AP) - A popular arts festival in Portsmouth is giving $30,000 to Prescott Park for use over the past two years.

Officials with the Prescott Park Arts Festival reached the deal with the Trustees of the Trust Fund, who oversee the city-owned park. They told the Portsmouth Herald (http://bit.ly/1IgWM0B) Thursday the agreement is a step toward a long-term agreement.

Festival officials say a long-term agreement will give PPAF the security it needs to make investments at the park.

The festival wants to build a new stage that could cost between $250,000 and $500,000.

Mayor Robert Lister said Wednesday he’s pleased the offer was made but says the city will monitor the festival.

City Councilor Stefany Shaheen says she believes a long term deal would establish annual city payments.

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Information from: Portsmouth Herald, http://www.seacoastonline.com

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