<ARTICLE> 5
       
                                                                                            
<PERIOD-TYPE>                   YEAR                   YEAR                   6-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1994             DEC-31-1995             JUN-30-1995             JUN-30-1996
<PERIOD-START>                             APR-20-1994             JAN-01-1995             JAN-01-1995             JAN-01-1996
<PERIOD-END>                               DEC-31-1994             DEC-31-1995             JUN-30-1995             JUN-30-1996
<CASH>                                           7,755               1,079,235                       0                 416,956
<SECURITIES>                                         0                       0                       0                       0
<RECEIVABLES>                                        0                       0                       0                       0
<ALLOWANCES>                                         0                       0                       0                       0
<INVENTORY>                                          0                       0                       0                       0
<CURRENT-ASSETS>                                10,343               1,253,319                       0               1,924,473
<PP&E>                                          13,392               1,793,700                       0               9,942,500
<DEPRECIATION>                                   (302)                (44,535)                       0               (103,937)
<TOTAL-ASSETS>                                  23,433              44,332,960                       0              91,428,979
<CURRENT-LIABILITIES>                          123,026               4,158,802                       0              32,543,804
<BONDS>                                              0              40,133,000                       0              61,633,000
<PREFERRED-MANDATORY>                                0                       0                       0                       0
<PREFERRED>                                          0                       0                       0                       0
<COMMON>                                     1,807,273               7,730,915                       0               8,589,437
<OTHER-SE>                                 (1,906,866)             (8,733,035)                       0            (15,388,297)
<TOTAL-LIABILITY-AND-EQUITY>                    23,433              44,332,960                       0              91,428,979
<SALES>                                              0                       0                       0                       0
<TOTAL-REVENUES>                                     0                       0                       0                       0
<CGS>                                                0                       0                       0                       0
<TOTAL-COSTS>                                1,038,569               7,172,106               2,319,669               4,758,012
<OTHER-EXPENSES>                                     0                       0                       0                       0
<LOSS-PROVISION>                                     0                       0                       0                       0
<INTEREST-EXPENSE>                                   0                 287,928                       0               1,936,978
<INCOME-PRETAX>                            (1,038,569)             (7,393,291)             (2,294,822)             (6,646,882)
<INCOME-TAX>                                         0                       0                       0                       0
<INCOME-CONTINUING>                                  0                       0                       0                       0
<DISCONTINUED>                                       0                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0                       0
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<NET-INCOME>                               (1,038,569)             (7,393,291)             (2,294,822)             (6,646,882)
<EPS-PRIMARY>                                        0                       0                       0                       0
<EPS-DILUTED>                                        0                       0                       0                       0