By CBSLA Staff

LAKE TAHOE (CBSLA) — Famed Lake Tahoe ski resort Squaw Valley is getting a new name. It will now be called Palisades Tahoe.

The name “squaw” is derogatory to Native Americans. The owner of the resort picked the new name after consulting with the Washoe Tribe of Nevada and California.

The tribe’s council called the move a positive step forward.

The new name will also encompass the company’s sister property, Alpine Meadows.