A plan to build a roller coaster at Sandia Peak is in its earliest stage, as Sandia Peak Ski Company and Peak Dining LLC made an application for an Industrial Revenue Bond to Bernalillo County.

According to the summary of that application, “Peak Dining LLC and Sandia Peak Ski Company will be enhancing the popular Sandia Peak ski area for both local residents and tourists located in Bernalillo County,” with the two companies applying for the IRB jointly.

That bond would be used “for a total renovation of what is now the High Finance Restaurant,” including “a fine dining restaurant, bistro and bar; and the installation of a mountain coaster, a type of roller coaster.”

The bond sought would be up to $9 million for the project, which the application says would incur “no fiscal obligation to the County” and would result in 114 new jobs. A public hearing has not yet been set according to a county spokesman.

The county’s economic development staff analyzed the application, determining that the project “offers a reasonable return on investment and therefore recommends Board Approval.”

The Bernalillo County Commission unanimously adopted an “inducement resolution,” which “declar[es] the intent” of the county to issue IRBs in two series “for the purpose of inducing Peak Dining LLC and Sandia Peak Ski Company to construct and equip a restaurant building and related facilities and a mountain amusement ride.”

Bernalillo County spokesman Larry Gallegos said nothing would be built before 2018, adding that the project is in very early stages.

Sandia Peak Ski Company did not return phone calls by the time The Independent went to press.

Sandia Peak Ski Company has a special use permit to operate a ski area on Sandia Peak for both summer and winter uses, according to a press release this week from the U.S. Forest Service. The ski area is within the Cibola National Forest.

That permit requires Sandia Peak Ski Company “to submit a Master Development Plan that identifies the scale of development and types of uses” that would occur.

In addition to the application for an IRB through the county, the Forest Service would “review and approve, modify or deny” changes to that Master Development Plan, the press release says, adding that the Forest Service “has not yet received a proposal from the Sandia Peak Ski Company for a Mountain Coaster, also known as an Alpine Coaster.”

For additional information, visit bernco.gov, or call the Sandia Ranger District at 505-281-3304, or Sandia Peak Ski at 505-856-7325.