<TABLE> <S> <C>

<ARTICLE>      5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE THREE MONTHS ENDED MARCH 31,
1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>                                                            
<MULTIPLIER>                                         1,000
       
<S>                                                   <C>
<PERIOD-TYPE>                                         3-MOS
<FISCAL-YEAR-END>                                                   DEC-31-1997
<PERIOD-START>                                                      JAN-01-1997
<PERIOD-END>                                                        MAR-31-1997
<CASH>                                                                   69,110
<SECURITIES>                                                              1,234
<RECEIVABLES>                                                               445
<ALLOWANCES>                                                                  0
<INVENTORY>                                                               1,974
<CURRENT-ASSETS>                                                         72,144
<PP&E>                                                                   57,734
<DEPRECIATION>                                                           18,694
<TOTAL-ASSETS>                                                          115,905
<CURRENT-LIABILITIES>                                                    13,065
<BONDS>                                                                  86,250
<PREFERRED-MANDATORY>                                                         0
<PREFERRED>                                                               6,538
<COMMON>                                                                 74,759
<OTHER-SE>                                                              (70,270)
<TOTAL-LIABILITY-AND-EQUITY>                                            115,905
<SALES>                                                                     545
<TOTAL-REVENUES>                                                          1,075
<CGS>                                                                         0
<TOTAL-COSTS>                                                            12,376
<OTHER-EXPENSES>                                                              0
<LOSS-PROVISION>                                                              0
<INTEREST-EXPENSE>                                                        1,699
<INCOME-PRETAX>                                                         (12,107)
<INCOME-TAX>                                                                  0
<INCOME-CONTINUING>                                                     (12,107)
<DISCONTINUED>                                                                0
<EXTRAORDINARY>                                                               0
<CHANGES>                                                                     0
<NET-INCOME>                                                            (12,107)
<EPS-PRIMARY>                                                             (0.38)
<EPS-DILUTED>                                                             (0.38)
        

</TABLE>