<ARTICLE> 5 <PERIOD-TYPE> 9-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-2000 DEC-31-1999 <PERIOD-START> JAN-01-2000 JAN-01-1999 <PERIOD-END> SEP-30-2000 SEP-30-1999 <CASH> 1,626,000 23,000 <SECURITIES> 0 0 <RECEIVABLES> 371,000 23,000 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 2,144,000 735,000 <PP&E> 59,371,000 38,251,000 <DEPRECIATION> 40,000 39,000 <TOTAL-ASSETS> 66,101,000 41,303,000 <CURRENT-LIABILITIES> 918,000 3,676,000 <BONDS> 0 0 <PREFERRED-MANDATORY> 5,463,000 5,200,000 <PREFERRED> 0 0 <COMMON> 1,000 0 <OTHER-SE> 39,272,000 22,851,000 <TOTAL-LIABILITY-AND-EQUITY> 66,101,000 41,303,000 <SALES> 0 0 <TOTAL-REVENUES> 1,177,000 685,000 <CGS> 0 0 <TOTAL-COSTS> 2,601,000 1,652,000 <OTHER-EXPENSES> (127,000) 913,000 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 25,293,000 309,000 <INCOME-PRETAX> (26,590,000) (2,189,000) <INCOME-TAX> 0 0 <INCOME-CONTINUING> (26,590,000) (2,189,000) <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> (26,590,000) (2,189,000) <EPS-BASIC> (19.66) (2.51) <EPS-DILUTED> (19.66) (2.51)