<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 13,302,000 <SECURITIES> 0 <RECEIVABLES> 4,212,000 <ALLOWANCES> (127,000) <INVENTORY> 0 <CURRENT-ASSETS> 22,081,000 <PP&E> 40,388,000 <DEPRECIATION> (12,840,000) <TOTAL-ASSETS> 60,793,000 <CURRENT-LIABILITIES> 12,788,000 <BONDS> 115,182,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 28,166,000 <COMMON> 28,251,000 <OTHER-SE> (151,030,000) <TOTAL-LIABILITY-AND-EQUITY> 60,793,000 <SALES> 0 <TOTAL-REVENUES> 3,205,000 <CGS> 0 <TOTAL-COSTS> 11,102,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,553,000 <INCOME-PRETAX> (13,375,000) <INCOME-TAX> 0 <INCOME-CONTINUING> (13,375,000) <DISCONTINUED> 0 <EXTRAORDINARY> 1,728,000 <CHANGES> 0 <NET-INCOME> (11,647,000) <EPS-PRIMARY> (1.57) <EPS-DILUTED> (1.57)