<ARTICLE> 5 <MULTIPLIER> 1 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 679,731 <SECURITIES> 2,089,637 <RECEIVABLES> 199,130 <ALLOWANCES> 141,717 <INVENTORY> 0 <CURRENT-ASSETS> 1,334,939 <PP&E> 38,779,773 <DEPRECIATION> 13,690,785 <TOTAL-ASSETS> 28,513,564 <CURRENT-LIABILITIES> 2,349,271 <BONDS> 27,423,237 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 28,513,564 <SALES> 0 <TOTAL-REVENUES> 2,587,228 <CGS> 0 <TOTAL-COSTS> 1,304,225 <OTHER-EXPENSES> 544,289 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 991,075 <INCOME-PRETAX> (252,361) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (252,361) <EPS-BASIC> (4.66) <EPS-DILUTED> 0