<ARTICLE> 5 <PERIOD-TYPE> 6-MOS 6-MOS <FISCAL-YEAR-END> DEC-31-2000 DEC-31-1999 <PERIOD-END> JUN-30-2000 JUN-30-1999 <CASH> 78,000 23,000 <SECURITIES> 0 0 <RECEIVABLES> 50,000 23,000 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 1,024,000 735,000 <PP&E> 52,316,000 38,251,000 <DEPRECIATION> 37,000 39,000 <TOTAL-ASSETS> 57,981,000 41,303,000 <CURRENT-LIABILITIES> 1,193,000 3,676,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 5,375,000 5,200,000 <PREFERRED> 0 0 <COMMON> 0 0 <OTHER-SE> 20,310,000 22,851,000 <TOTAL-LIABILITY-AND-EQUITY> 57,981,000 41,303,000 <SALES> 0 0 <TOTAL-REVENUES> 733,000 455,000 <CGS> 0 0 <TOTAL-COSTS> (1,508,000) (1,269,000) <OTHER-EXPENSES> (82,000) (658,000) <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> (2,696,000) (167,000) <INCOME-PRETAX> (3,553,000) (1,639,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (3,553,000) (1,639,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (3,553,000) (1,639,000) <EPS-BASIC> (3.80) (1.86) <EPS-DILUTED> (3.80) (1.86)