<ARTICLE>                     5
<LEGEND>
     This schedule  contains summary  financial  information  extracted from the
Company's unaudited Consolidated Statement of Loss,  Consolidated Balance Sheet,
and Consolidated Statement of Cash Flows, in each case for the Nine Months Ended
September  30,  1998,  and is  qualified  in its  entirety by  reference to such
financial statements.
</LEGEND>
<MULTIPLIER>                  1,000
<CURRENCY>                    U.S. Dollars
       
                           
<PERIOD-TYPE>                 9-MOS
<FISCAL-YEAR-END>             DEC-31-1998
<PERIOD-START>                JAN-01-1998
<PERIOD-END>                  SEP-30-1998
<EXCHANGE-RATE>               1
<CASH>                        10,595
<SECURITIES>                  135,366
<RECEIVABLES>                 13,094
<ALLOWANCES>                  0
<INVENTORY>                   35,838
<CURRENT-ASSETS>              125,796
<PP&E>                        256,016
<DEPRECIATION>                0
<TOTAL-ASSETS>                551,960
<CURRENT-LIABILITIES>         66,181
<BONDS>                       483,580
<PREFERRED-MANDATORY>         0
<PREFERRED>                   0
<COMMON>                      318
<OTHER-SE>                    10,256
<TOTAL-LIABILITY-AND-EQUITY>  551,960
<SALES>                       4,141
<TOTAL-REVENUES>              21,802
<CGS>                         4,826
<TOTAL-COSTS>                 30,314
<OTHER-EXPENSES>              13,864
<LOSS-PROVISION>              0
<INTEREST-EXPENSE>            15,504
<INCOME-PRETAX>               (36,298)
<INCOME-TAX>                  0
<INCOME-CONTINUING>           (36,298)
<DISCONTINUED>                0
<EXTRAORDINARY>               0
<CHANGES>                     0
<NET-INCOME>                  (36,298)
<EPS-PRIMARY>                 (1.14)
<EPS-DILUTED>                 0