<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> SEP-30-2000 <CASH> 637,000 <SECURITIES> 923,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,754,000 <PP&E> 16,202,000 <DEPRECIATION> (3,610,000) <TOTAL-ASSETS> 14,542,000 <CURRENT-LIABILITIES> 1,314,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 4,385,000 <COMMON> 1,000 <OTHER-SE> (2,410,000) <TOTAL-LIABILITY-AND-EQUITY> 14,542,000 <SALES> 0 <TOTAL-REVENUES> 131,000 <CGS> 0 <TOTAL-COSTS> 5,700,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,441,000 <INCOME-PRETAX> (7,010,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,010,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,010,000) <EPS-BASIC> (.80) <EPS-DILUTED> (.80)