The Taking Care of Presley Memorial Benefit Committee was started by Kay & Paul Lipps and Shirley Lyday in 1978 with the goal of donating money to charity in remembrance of Elvis Presley and his own charitable and humanitarian ways. Our group donated a plaque to Market Square Arena in June of 1978. It was placed in a wall case in the ticketing area and was there until MSA was imploded. It is now with other MSA memorabilia at the Fieldhouse.
The first annual Elvis FANTAsy Fest in Portage Indiana was held raising money for Porter County Special Olympics.
Along with contributions from fans TCP Memorial Committee commissioned a commemorate marker which holds a time capsule containing notes of remembrances that Elvis fans submitted. This marker which also recognized Presley's last concert at Market Square Arena on June 26, 1977 and was placed originally along the Indianapolis Cultural Trail in 2002 on the concert’s 25th anniversary. The marker was moved for safekeeping during the construction of 360 Market Square, a 28-story Flaherty & Collins complex with apartments and businesses. Flaherty & Collins Properties and Kay Lipps from Elvis FANtasy Fest joined for the rededication at the luxury apartment tower 360 Market Square on June 26, 2018 — the 41st anniversary of his performance at bygone Market Square Arena.
"It was important to honor and acknowledge the history of the site," said Jim Crossin of Flaherty & Collins.
The marker includes a Paul Lipps photo of Presley wearing his “Aztec sundial” jumpsuit at that final 1977 Market Square Arena concert. It now site at 320 E Market St, Indianapolis, IN 46204. The time capsule will be opened on June 26, 2102 that includes fan letters, a cassette recording of the final concert, a Graceland catalog and book of Elvis tour photos taken by well know Elvis photographer, Keith Alverson.