<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 28,419 <SECURITIES> 38,818 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 3,901 <CURRENT-ASSETS> 71,138 <PP&E> 235,935 <DEPRECIATION> 5,345 <TOTAL-ASSETS> 306,540 <CURRENT-LIABILITIES> 15,298 <BONDS> 171,472 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 119,770<F1> <TOTAL-LIABILITY-AND-EQUITY> 306,540 <SALES> 343 <TOTAL-REVENUES> 349 <CGS> 343 <TOTAL-COSTS> 16,974 <OTHER-EXPENSES> 1,483<F2> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0<F3> <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (18,108) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (18,108) <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Represents Total Partners' Capital <F2>Net of equity in losses of affiliates and Interest income <F3>$17,850 interest expense was capitalized. </FN>