I found a mistake in the WGTL article, which I'm glad someone did.
Thank you. I wrote that article last year, one of my first for Wikipedia.
You're right about it being 1992 when it signed off, but I think I remember it being on December 26th or 27th, when I was out doing some After-Christmas shopping at the Carolina Mall.
The reason WGTL did not move to new quarters has much to do with why the station was in trouble in the first place.
In the 70's and 80's, radio stations were generally considered to be good business risks for banks, especially those with heritage ownerships. Whitley had, over the years, borrowed money to keep WGTL afloat, assuming he would be able to pay it back someday when he finally decided to sell the station.
Scared by the defaults of several companies that were trying to buy and expand FM stations around Charlotte, banks began calling in notes they were holding on stations, and Fred Whitley was not able to either pay up or refinance the notes. Through the mid 80's, he attempted to sell WGTL, but no one would pay his asking price.
In 1989, First Union National Bank foreclosed on Whitley. Not wanting the adverse publicity that they feared would come from foreclosing on a broadcast facility, they worked out a deal with the purchaser, who wanted to build a shopping center (now Tower Plaza) on the site. According to what I remember, the owners of the property would negotiate a lease for studio space in the shopping center, pay for the maintenance of the tower and First Union would loan Whitley the money for the remodeling and studio equipment.
The man who bought the property (his first name was Andy, and he owned Villa Maria Pizza in Carolina Mall for many years) tried to negotiate in good faith, but things did not work out and the deal fell through.
WGTL was supposed to be out of their studio building on June 30, 1992, but Whitley refused to vacate the premises. Andy then began eviction proceedings, but in the end they agreed to a December 31st date to end it.
The building was empty by that date, and was hauled off by February of 1993.
Later....
Matt Smith
WGSR-TV