<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 46,558,831 <SECURITIES> 0 <RECEIVABLES> 3,447,387 <ALLOWANCES> (40,000) <INVENTORY> 1,136,782 <CURRENT-ASSETS> 53,218,221 <PP&E> 43,927,044 <DEPRECIATION> 8,199,868 <TOTAL-ASSETS> 123,310,730 <CURRENT-LIABILITIES> 13,543,352 <BONDS> 148,304,774 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,000,000 <COMMON> 92,770 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 123,310,730 <SALES> 0 <TOTAL-REVENUES> 7,234,974 <CGS> 1,475,419 <TOTAL-COSTS> 49,870,308 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 9,448,733 <INCOME-PRETAX> (50,970,041) <INCOME-TAX> 0 <INCOME-CONTINUING> (50,970,041) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (50,970,041) <EPS-PRIMARY> (6.15) <EPS-DILUTED> (6.15)