<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                        20185739
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                              34311032
<PP&E>                                       294220179
<DEPRECIATION>                                46237773
<TOTAL-ASSETS>                               360265109
<CURRENT-LIABILITIES>                         39711668
<BONDS>                                      247805087
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        356371
<OTHER-SE>                                    59883788
<TOTAL-LIABILITY-AND-EQUITY>                 360265109
<SALES>                                       65780878
<TOTAL-REVENUES>                              65780878
<CGS>                                                0
<TOTAL-COSTS>                                 63783737
<OTHER-EXPENSES>                                 98387
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             7505465
<INCOME-PRETAX>                              (5606711)
<INCOME-TAX>                                 (1935000)
<INCOME-CONTINUING>                            1997141
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (3671711)
<EPS-PRIMARY>                                      .10
<EPS-DILUTED>                                      .10