It was named for former Florida Governor Albert W. Gilchrist, who resided in Punta Gorda.

The current Barron Collier Bridge was then built in 1983, eliminating the need for the drawbridge which continued to disrupt northbound traffic.

[2] Albert W. Gilchrist was not the only name considered for the southbound bridge at the time of its construction.

Naming the bridge after Juan Ponce de León was suggested at one point, as well as for Phil Laishley, a former Punta Gorda mayor.

Ultimately, Gilchrist was selected to be the bridge's namesake since he is a significant figure in area's history.