Olympic Valley, California in the United States is a unincorporated community located in Placer County northwest of Tahoe City along Highway 89 on the banks of the Truckee River near Lake Tahoe. Because it is the home of the Squaw Valley Ski Resort, the community is commonly known as Squaw Valley. The Squaw Valley Ski Resort in Olympic Valley, California, is one of the largest and most high-concept ski areas in the United States, and was the site of the 1960 Winter Olympics. It is the second-largest ski area at Lake Tahoe, (after Heavenly), boasting highly-advanced chairlifts (High speed quads and High speed six packs), as well as the only Funitel outside of Europe. Because of the resort's popularity, the entire community of Olympic Valley is commonly referred to as "Squaw Valley." The resort attracts 600,000 skiers a year.