An editorial in a 1960 LA paper, seen by Colonel Parker, mentioned the stalled efforts to complete the USS Arizona Memorial, and Elvis answered the rescue call. A benefit concert was organized to raise $50,000 towards the completion. Having honorably served his country, the memorial to the lost soldiers in the attack on Pearl Harbor was near and dear to Elvis’ heart and he pledged to buy the first ticket at a cost of $100. Tickets ranged in price so everyone that wished could afford to attend, with 100 reserved seats priced at $100 each. One hundred percent of the proceeds were slated to go directly to the fund.
The concert was held on March 25, 1961, to an audience of 4,000 screaming fans. The concert exceeded the goal, raising a total of $62,000, and as a result of the media attention generated by the concert, public and private funds flooded in. The memorial was completed and dedicated on May 30, 1962 (Memorial Day).
Source: http://auction.graceland.com/colonel_pa … ot419.aspx