<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                          13,701<F1>
<SECURITIES>                                         0
<RECEIVABLES>                                    1,888
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                23,089
<PP&E>                                         223,875
<DEPRECIATION>                                  39,376
<TOTAL-ASSETS>                                 213,862
<CURRENT-LIABILITIES>                           82,911
<BONDS>                                        102,786
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           138
<OTHER-SE>                                      28,027
<TOTAL-LIABILITY-AND-EQUITY>                   213,862
<SALES>                                              0
<TOTAL-REVENUES>                                41,945
<CGS>                                                0
<TOTAL-COSTS>                                   28,389
<OTHER-EXPENSES>                                38,390
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               2,125
<INCOME-PRETAX>                               (43,668)
<INCOME-TAX>                                     (397)
<INCOME-CONTINUING>                           (43,271)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (43,271)
<EPS-PRIMARY>                                   (3.14)
<EPS-DILUTED>                                   (3.14)
<FN>
<F1>Includes restricted short-term investments of $3,795.
</FN>