<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> JUN-30-1998 JUN-30-1997 <PERIOD-START> JUL-01-1997 JUL-01-1996 <PERIOD-END> SEP-30-1997 SEP-30-1996 <CASH> 2,295,600 0 <SECURITIES> 0 0 <RECEIVABLES> 7,536,214 0 <ALLOWANCES> 248,022 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 13,373,961 0 <PP&E> 68,362,678 0 <DEPRECIATION> 11,994,455 0 <TOTAL-ASSETS> 146,919,740 0 <CURRENT-LIABILITIES> 9,905,925 0 <BONDS> 121,650,000 0 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 1,862 0 <COMMON> 121 0 <OTHER-SE> 5,850,807 0 <TOTAL-LIABILITY-AND-EQUITY> 146,919,740 0 <SALES> 14,839,947 11,245,479 <TOTAL-REVENUES> 14,839,947 11,245,479 <CGS> 0 0 <TOTAL-COSTS> 11,131,248 7,491,564 <OTHER-EXPENSES> 0 0 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 3,051,438 2,174,143 <INCOME-PRETAX> (854,960) 438,492 <INCOME-TAX> 1,192,718 171,012 <INCOME-CONTINUING> (2,047,678) 267,480 <DISCONTINUED> 0 0 <EXTRAORDINARY> 2,676,072 0 <CHANGES> 0 0 <NET-INCOME> (4,273,750) 267,480 <EPS-PRIMARY> 0 0 <EPS-DILUTED> 0 0