There were two Santa's Village parks in CA. The one in Sky Forest, and the other near Santa Cruz. I think I heard of the coaster. Since it looks like the one in IL before they changed ownership, I think they might have been similar. There was also a small movie to promote the parks, and a book.
BTW, I read on Rcpro that someone bought that coaster. They had it in their back yard until their neighbors got them in trouble.