<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 452,484 <SECURITIES> 0 <RECEIVABLES> 850,977 <ALLOWANCES> 58,936 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 80,368,193 <DEPRECIATION> (38,212,602) <TOTAL-ASSETS> 61,956,101 <CURRENT-LIABILITIES> 2,721,375 <BONDS> 83,824,072 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (24,589,346) <TOTAL-LIABILITY-AND-EQUITY> 61,956,101 <SALES> 0 <TOTAL-REVENUES> 37,280,733 <CGS> 0 <TOTAL-COSTS> 46,496,721 <OTHER-EXPENSES> 526,030 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,451,648 <INCOME-PRETAX> (16,193,666) <INCOME-TAX> 0 <INCOME-CONTINUING> (16,193,666) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (16,193,666) <EPS-PRIMARY> (75.20) <EPS-DILUTED> (75.20)