MIAMI -- At the center, a radio tower that is in bad need of repairs and could pose a danger to people in one South Florida community.

They sat side by side for decades...a radio and tv station sharing a unique piece of property...

Ed Ansin, President of WSVN-TV, says "this has always been perceived to be the most beautiful broadcasting facility in the country."

The radio station was so proud WIOD stood for "Wonderful Isle Of Dreams"----

But today WIOD's towers have become North Bay Village's nightmare..

Irving Heller, Interim City Manager, says "According to what we are reading and seeing.....that thing can topple either immediately or in the very near future."

The two towers transmit the radio stations signal across South Florida...

One at 300 feet stands right over Channel 7 with three guy wires holding it in place...

Over the last few months...it has begun to deteriorate---with a piece of the tower..falling off and hitting a car.....

"We are very concerned about the situation...they are putting our building at risk...putting out employees at risk......the tower simply has to be maintained."

Its not just the Channel Seven owner who has that opinion...

WIOD's owner, Clearchannel, hired an engineering firm to inspect the towers-

Their findings were stunning.....

This photographic report says...... at the base of the tower by Channel Seven..'anchor bolts have rusted away on four of the six bolts'...

Another picture reveals ..'tower base has heavy rust around the base'.

The engineers found ...'the lighting system is heavily corroded and conduit and boxes are falling apart'

Also 'lighting boxes are held together with tape and wire'... at the base of one of the wires holding the tower up...

The inspector found 'main pin has heavy rust'...

He wrote...'repairs to this need to be made asap'......

When the repairs were not made... Channel Seven filed suit to try and force Clear Channel to maintain the tower...

"What Clear Channel is doing is grossly negligent...in many ways........"

Clear Channel's Vice President David Ross would not appear in this report...

Telling us quote...this is being handled in the courts and I respectfully decline to comment...

But its clear why Clear Channel is not fixing the towers...

They claim it could cost 200,000 dollars...money they dont want to spend...

The reason....they have moved their WIOD studio off the property, would like to move their towers and then sell their share of the island ...to a condo developer...

At least thats what they say in their own corporate e-mails...

In this e-mail this summer to fellow Clear Channel employees David Ross wrote..... we need to fix whatever we can for low dollars...and feel that the tower can withstand a hurricane....

He then added ..if we move we forget about the 'fix'

Ross did defend the safety of the towers telling Channel Seven's management...quote.....the towers are in excellant shape...

But the next month he wrote Clear Channel staffers ...I am concerned about the existing tower..Channel Seven is right below this tower...if this baby goes over...we're finished.....

Frustrating for Ed Ansin to read

He says, "you have to walk under that tower to get to work every day....and we're sitting in this room as is everybody else in this building.....and a storm comes up and we're at risk....."

Now worried the tower could collapse ..

The city has stepped in.....

North Bay Village hired an engineering firm to inspect the tower.....

Alan Dorn, Mayor, North Bay Village, says "We'll do whatever is necessary to get their attention....our primary concern is life and safety......to make sure nobody gets injured or worse.."

Its possible...if Clear Channel won't fix the wiod tower...it could be condemned and torn down...

And if a piece falls and hurts someone...Clear Channel could face criminal charges...

Meantime drivers pass by ...employees walk by whats becoming a tower of trouble...