The 23-acre lakefront property in Winter Park was named after Fleet Peeples in 1985. It will now revert back to its previous name, Lake Baldwin Park.
Winter Park Mayor Kenneth Bradley said that even though nothing has been proven, the name change is appropriate.
"There is enough circumstantial, evidentiary information, and statements made by credible individuals to suggest we should remove the name, which was honorary," Bradley said, the Sun Sentinel reported.
Peeples served as Rollins College's director of aquatics for 50 years and is believed to have taught 20,000 of the area's children to swim. He died in 1993 at the age of 95.
After his son was arrested in February on child molestation charges, several women came forward and said they had been molested by Peeples.
"I was just shocked and I thought it was just me," said Elena Delgado, one of the women who spoke out. "And that's what's so insidious about molestation; you think it's just you and it's something that you've done."
Rollins College has also tried to sever its ties with the former aquatics director.