<ARTICLE> 5
       
                                                                                            
<PERIOD-TYPE>                   YEAR                   YEAR                   9-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1994             DEC-31-1995             SEP-30-1995             SEP-30-1996
<PERIOD-START>                             APR-20-1994             JAN-01-1995             JAN-01-1995             JAN-01-1996
<PERIOD-END>                               DEC-31-1994             DEC-31-1995             SEP-30-1995             SEP-30-1996
<CASH>                                           7,755               1,079,235                       0                 288,152
<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                 744,570
<PP&E>                                          13,392               1,793,700                       0              13,839,778
<DEPRECIATION>                                   (302)                (44,535)                       0               (143,903)
<TOTAL-ASSETS>                                  23,433              44,332,960                       0             110,784,676
<CURRENT-LIABILITIES>                          123,026               4,158,802                       0              21,715,762
<BONDS>                                              0              40,133,000                       0              96,174,402
<PREFERRED-MANDATORY>                                0                       0                       0                       0
<PREFERRED>                                          0                       0                       0                       0
<COMMON>                                     1,807,273               7,730,915                       0              10,595,735
<OTHER-SE>                                 (1,906,866)             (8,733,035)                       0            (22,621,919)
<TOTAL-LIABILITY-AND-EQUITY>                    23,433              44,332,960                       0             110,784,676
<SALES>                                              0                       0                       0                       0
<TOTAL-REVENUES>                                     0                       0                       0                       0
<CGS>                                                0                       0                       0                       0
<TOTAL-COSTS>                                1,038,569               7,172,106               4,469,684               8,751,883
<OTHER-EXPENSES>                                     0                       0                       0                       0
<LOSS-PROVISION>                                     0                       0                       0                       0
<INTEREST-EXPENSE>                                   0                 287,928                       0             (3,985,044)
<INCOME-PRETAX>                            (1,038,569)             (7,393,291)             (4,419,332)            (12,673,380)
<INCOME-TAX>                                         0                       0                       0                       0
<INCOME-CONTINUING>                                  0                       0                       0                       0
<DISCONTINUED>                                       0                       0                       0                       0
<EXTRAORDINARY>                                      0                       0                       0                       0
<CHANGES>                                            0                       0                       0                       0
<NET-INCOME>                               (1,038,569)             (7,393,291)             (4,419,332)            (12,673,380)
<EPS-PRIMARY>                                        0                       0                       0                       0
<EPS-DILUTED>                                        0                       0                       0                       0