Someone else was asking about sanding a pool, and I had better results when I searched for his info:

I doubt standard sand paper is what is used.

A grinder like this: Bosch 1994-6 9-Inch Large Angle Grinder

with pads like these:
http://www.tedpella.com/Material-Sci...ms.htm#_814_10
http://www.rockstardiamond.com/polis...FRJk7Aod-gcAcQ

You'll need to see what's required to attach those pads to that grinder. Be aware that sanding an entire pool, even with a 9" grinder and diamond disks, is a slow process.