<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 13,099 <SECURITIES> 0 <RECEIVABLES> 1,084 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 33,157 <PP&E> 131,129 <DEPRECIATION> 12,022 <TOTAL-ASSETS> 205,808 <CURRENT-LIABILITIES> 31,632 <BONDS> 102,515 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 143,178 <OTHER-SE> (81,526) <TOTAL-LIABILITY-AND-EQUITY> 205,808 <SALES> 0 <TOTAL-REVENUES> 35,807 <CGS> 0 <TOTAL-COSTS> 36,300 <OTHER-EXPENSES> 259 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,023 <INCOME-PRETAX> (2,775) <INCOME-TAX> 0 <INCOME-CONTINUING> (2,775) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> (1,260) <NET-INCOME> (4,035) <EPS-PRIMARY> (0.25) <EPS-DILUTED> (0.25)