<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 18,230,000 <SECURITIES> 0 <RECEIVABLES> 5,865,000 <ALLOWANCES> (224,000) <INVENTORY> 0 <CURRENT-ASSETS> 24,095,000 <PP&E> 263,880,000 <DEPRECIATION> (4,851,000) <TOTAL-ASSETS> 321,913,000 <CURRENT-LIABILITIES> 23,300,000 <BONDS> 165,010,000 <PREFERRED-MANDATORY> 100,689,000 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 35,270,000 <TOTAL-LIABILITY-AND-EQUITY> 321,913,000 <SALES> 0 <TOTAL-REVENUES> 74,002,000 <CGS> 24,285,000 <TOTAL-COSTS> 48,221,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,414,000 <INCOME-PRETAX> (1,918,000) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,918,000) <EPS-BASIC> (0.65) <EPS-DILUTED> (0.65)