<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE BALANCE
SHEET AND STATEMENT OF OPERATIONS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 1998
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<CASH>                                          25,082
<SECURITIES>                                    59,938
<RECEIVABLES>                                    3,199
<ALLOWANCES>                                       165
<INVENTORY>                                          0
<CURRENT-ASSETS>                                79,406
<PP&E>                                         212,554
<DEPRECIATION>                                  29,997
<TOTAL-ASSETS>                                 307,969
<CURRENT-LIABILITIES>                           25,981
<BONDS>                                        141,620
<PREFERRED-MANDATORY>                           64,954
<PREFERRED>                                          0
<COMMON>                                           252
<OTHER-SE>                                      48,166
<TOTAL-LIABILITY-AND-EQUITY>                   307,969
<SALES>                                         11,663
<TOTAL-REVENUES>                                11,663
<CGS>                                           15,215
<TOTAL-COSTS>                                   15,215
<OTHER-EXPENSES>                                 7,124
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             (1,845)
<INCOME-PRETAX>                                (8,831)
<INCOME-TAX>                                   (3,312)
<INCOME-CONTINUING>                            (5,519)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (5,519)
<EPS-BASIC>                                   (0.51)
<EPS-DILUTED>                                   (0.51)