<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 31,266,000 <SECURITIES> 0 <RECEIVABLES> 678,000 <ALLOWANCES> 30,000 <INVENTORY> 0 <CURRENT-ASSETS> 34,890,000 <PP&E> 27,062,000 <DEPRECIATION> 5,869,000 <TOTAL-ASSETS> 66,875,000 <CURRENT-LIABILITIES> 9,095,000 <BONDS> 96,107,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 28,251,000 <OTHER-SE> (94,014,000) <TOTAL-LIABILITY-AND-EQUITY> 66,875,000 <SALES> 0 <TOTAL-REVENUES> 283,000 <CGS> 0 <TOTAL-COSTS> 13,325,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,833,000 <INCOME-PRETAX> (17,365,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (17,365,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (17,365,000) <EPS-PRIMARY> (2.25) <EPS-DILUTED> (2.25)