<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> JUN-30-1996 <PERIOD-END> MAR-31-1996 <CASH> 30,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 30,000 <PP&E> 11,834,000 <DEPRECIATION> 0 <TOTAL-ASSETS> 12,531,000 <CURRENT-LIABILITIES> 22,130,000 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (9,599,000) <TOTAL-LIABILITY-AND-EQUITY> 12,531,000 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 1,161,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,165,000 <INCOME-PRETAX> (3,326,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,326,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,326,000) <EPS-PRIMARY> 0 <EPS-DILUTED> 0