<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> DEC-31-1999 <CASH> 108,902 <SECURITIES> 0 <RECEIVABLES> 180,958 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 151,001 <PP&E> 2,258,281 <DEPRECIATION> 49,785 <TOTAL-ASSETS> 2,735,922 <CURRENT-LIABILITIES> 95,297 <BONDS> 1,098,991 <PREFERRED-MANDATORY> 0 <PREFERRED> 107,500 <COMMON> 1,184 <OTHER-SE> 1,311,665 <TOTAL-LIABILITY-AND-EQUITY> 2,735,922 <SALES> 270,134 <TOTAL-REVENUES> 285,718 <CGS> 44,062 <TOTAL-COSTS> 278,780 <OTHER-EXPENSES> 83,200 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 51,921 <INCOME-PRETAX> 29,824 <INCOME-TAX> 0 <INCOME-CONTINUING> 29,824 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (61,976) <EPS-BASIC> (.54) <EPS-DILUTED> (.54)