Prescott Park is a ten-plus acre waterfront park in Portsmouth, New Hampshire, United States. The land was donated to the city of Portsmouth by two sisters, Josie and Sarah Prescott in 1940. The sisters, public school teachers, had used an inheritance to systematically purchase and clear properties along the Piscataqua River. The sisters' goal was to create a public waterfront park, free and accessible to all, replacing what had become a run-down and seedy industrial area. In 1949 the Prescott sisters' trust was established with $500,000. The Players' Ring Theater is located in the park.