<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 three  months
ended March 31,  1999,  and is  qualified  in its  entirety by reference to such
financial statements.
</LEGEND>
<MULTIPLIER>                                1,000
<CURRENCY>                                  U.S. Dollars
       
                                         
<PERIOD-TYPE>                               3-MOS
<FISCAL-YEAR-END>                           DEC-31-1999
<PERIOD-START>                              JAN-01-1999
<PERIOD-END>                                MAR-31-1999
<EXCHANGE-RATE>                             1
<CASH>                                      8,131
<SECURITIES>                                131,348
<RECEIVABLES>                               16,752
<ALLOWANCES>                                0
<INVENTORY>                                 17,440
<CURRENT-ASSETS>                            122,035
<PP&E>                                      239,017
<DEPRECIATION>                              0
<TOTAL-ASSETS>                              508,598
<CURRENT-LIABILITIES>                       50,598
<BONDS>                                     526,227
<PREFERRED-MANDATORY>                       0
<PREFERRED>                                 0
<COMMON>                                    324
<OTHER-SE>                                  (62,182)
<TOTAL-LIABILITY-AND-EQUITY>                508,598
<SALES>                                     4,066
<TOTAL-REVENUES>                            20,230
<CGS>                                       4,528
<TOTAL-COSTS>                               27,388
<OTHER-EXPENSES>                            13,772
<LOSS-PROVISION>                            0
<INTEREST-EXPENSE>                          15,930
<INCOME-PRETAX>                             (39,649)
<INCOME-TAX>                                0
<INCOME-CONTINUING>                         (39,649)
<DISCONTINUED>                              0
<EXTRAORDINARY>                             0
<CHANGES>                                   0
<NET-INCOME>                                (39,649)
<EPS-PRIMARY>                               (1.23)
<EPS-DILUTED>                               0