<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF OPERATIONS FOUND ON
PAGE 38 AND 39 OF THE COMPANY'S FORM 10-K FOR THE YEAR-TO-DATE, AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          MAR-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          50,158
<SECURITIES>                                         0
<RECEIVABLES>                                   12,288
<ALLOWANCES>                                         0
<INVENTORY>                                      4,209
<CURRENT-ASSETS>                                87,491
<PP&E>                                       1,296,217
<DEPRECIATION>                                 163,498
<TOTAL-ASSETS>                               1,300,216
<CURRENT-LIABILITIES>                          197,509
<BONDS>                                        528,588
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    103,500
<COMMON>                                           353
<OTHER-SE>                                     183,034
<TOTAL-LIABILITY-AND-EQUITY>                 1,300,216
<SALES>                                              0
<TOTAL-REVENUES>                               769,610
<CGS>                                                0
<TOTAL-COSTS>                                  419,149
<OTHER-EXPENSES>                                67,414
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              78,826
<INCOME-PRETAX>                                (4,120)
<INCOME-TAX>                                       966
<INCOME-CONTINUING>                            (3,154)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                (2,042)
<CHANGES>                                            0
<NET-INCOME>                                  (12,441)
<EPS-PRIMARY>                                    (.35)
<EPS-DILUTED>                                    (.35)