Scott,
The way the data sheet is written, my guess is that the motor is a "triple rated" motor that can be connected for 230 V or 460 V three-phase. It will run at 208 V three-phase, but I wouldn't recommend it and you don't have that option anyway. As Van mentioned, a look at the motor nameplate would provide the answer. Speaking as a EE, let me second the suggestion to add a VFD and leave the three-phase motor, assuming you can connect for 230 V. The 3-hp motor is in the size range that is reasonable for a VFD with single-phase input and three-phase output. And you get variable speed operation as a bonus. Looks like a nice new toy!