<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JUL-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 25,754,387 <SECURITIES> 0 <RECEIVABLES> 3,525,644 <ALLOWANCES> 0 <INVENTORY> 3,597,653 <CURRENT-ASSETS> 32,877,684 <PP&E> 91,599,555 <DEPRECIATION> 15,873,000 <TOTAL-ASSETS> 108,604,239 <CURRENT-LIABILITIES> 20,361,978 <BONDS> 62,474,711 <COMMON> 13,950,259 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 6,337,878 <TOTAL-LIABILITY-AND-EQUITY> 108,604,239 <SALES> 12,908,438 <TOTAL-REVENUES> 23,484,153 <CGS> 10,154,838 <TOTAL-COSTS> 13,203,218 <OTHER-EXPENSES> 3,434,216 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,371,351 <INCOME-PRETAX> 3,475,368 <INCOME-TAX> 1,394,943 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,001,372 <EPS-PRIMARY> 0.00 <EPS-DILUTED> 0.62