In 1955 what we now know as Kings Drive looking towards 7th Street looked like this:

Cecil Street looking towards 7th Street just above the Grady Cole Center 1955. Picture courtesy of the Robinson-Spangler Carolina Room of the Charlotte-Mecklenburg Library.
Now, this is what that same intersection looks like:
The house on the right is long gone, that site is now a parking lot for Central Piedmont Community College (CPCC). The Kayo is also gone, and the site is now the overpass for Independence Freeway near the I-277 split and where the billboard was located is now Van Emery Building which is also a part of CPCC.
I encourage everyone who is interested to check out more images of old Charlotte on the Charlotte Mecklenburg Story website which is a service of the Charlotte Mecklenburg Library (www.cmstory.org). Enjoy!