
<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             APR-01-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                       4,594,518
<SECURITIES>                                13,134,679
<RECEIVABLES>                                  131,012
<ALLOWANCES>                                         0
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<PP&E>                                      22,301,203
<DEPRECIATION>                             (1,732,603)
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<CURRENT-LIABILITIES>                        3,918,976
<BONDS>                                      9,521,646
<PREFERRED-MANDATORY>                                0
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<COMMON>                                         9,626
<OTHER-SE>                                   9,675,230
<TOTAL-LIABILITY-AND-EQUITY>                39,016,803
<SALES>                                          4,240
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<CGS>                                            4,230
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<INCOME-PRETAX>                            (2,355,019)
<INCOME-TAX>                                         0
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<CHANGES>                                            0
<NET-INCOME>                               (2,355,019)
<EPS-PRIMARY>                                   (0.29)
<EPS-DILUTED>                                        0
        

</TABLE>
