From the wiki:
The Port Charlotte area was largely platted and developed by the now-defunct General Development Corporation, which also developed many other subdivisions and municipalities along Florida's west coast. Port Charlotte is not a chartered municipality, but the most-populated area in Charlotte County.
Port Charlotte was hard hit by Hurricane Charley on August 13, 2004. The hurricane, predicted to hit Tampa, took a last-minute hard right turn into Charlotte Harbor and caused severe damage in the city of Punta Gorda and in the Port Charlotte area. Many residents were caught by surprise because of many false alarms in recent years.
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