<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> JUN-30-1996 <CASH> 10,111<F1> <SECURITIES> 0 <RECEIVABLES> 1,562 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 19,373 <PP&E> 225,145 <DEPRECIATION> 43,314 <TOTAL-ASSETS> 207,666 <CURRENT-LIABILITIES> 78,151 <BONDS> 100,948 <COMMON> 138 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 28,567 <TOTAL-LIABILITY-AND-EQUITY> 207,666 <SALES> 0 <TOTAL-REVENUES> 91,250 <CGS> 0 <TOTAL-COSTS> 59,973 <OTHER-EXPENSES> 38,390 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 4,329 <INCOME-PRETAX> (43,339) <INCOME-TAX> (449) <INCOME-CONTINUING> (42,890) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (42,890) <EPS-PRIMARY> (3.11) <EPS-DILUTED> (3.11) <FN> <F1>Includes restricted short-term investments of $3,003. </FN>