<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 37,292 <SECURITIES> 64,286 <RECEIVABLES> 4,910 <ALLOWANCES> 1,225 <INVENTORY> 955 <CURRENT-ASSETS> 110,286 <PP&E> 402,704 <DEPRECIATION> 46,193 <TOTAL-ASSETS> 504,354 <CURRENT-LIABILITIES> 56,862 <BONDS> 490,489 <PREFERRED-MANDATORY> 1,239 <PREFERRED> 89 <COMMON> 97 <OTHER-SE> (154,422) <TOTAL-LIABILITY-AND-EQUITY> 504,354 <SALES> 1,712 <TOTAL-REVENUES> 7,895 <CGS> 546 <TOTAL-COSTS> 7,718 <OTHER-EXPENSES> 17,338 <LOSS-PROVISION> 1,225 <INTEREST-EXPENSE> 15,260 <INCOME-PRETAX> (39,777) <INCOME-TAX> 0 <INCOME-CONTINUING> (39,777) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (42,021) <EPS-BASIC> (4.41) <EPS-DILUTED> (4.41)