<ARTICLE> 5 <MULTIPLIER> 1 <CURRENCY> U.S. DOLLARS <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <EXCHANGE-RATE> 1 <CASH> 25,487,000 <SECURITIES> 0 <RECEIVABLES> 25,498,000 <ALLOWANCES> 0 <INVENTORY> 9,263,000 <CURRENT-ASSETS> 78,941,000 <PP&E> 1,421,998,000 <DEPRECIATION> 104,528,000 <TOTAL-ASSETS> 1,497,921,000 <CURRENT-LIABILITIES> 144,020,000 <BONDS> 816,644,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 175,000,000 <COMMON> 278,000 <OTHER-SE> 261,976,000 <TOTAL-LIABILITY-AND-EQUITY> 1,497,921,000 <SALES> 0 <TOTAL-REVENUES> 395,214,000 <CGS> 0 <TOTAL-COSTS> 328,103,000 <OTHER-EXPENSES> (34,064,000) <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 30,378,000 <INCOME-PRETAX> (5,242,000) <INCOME-TAX> (2,097,000) <INCOME-CONTINUING> (3,145,000) <DISCONTINUED> 0 <EXTRAORDINARY> (2,076,000) <CHANGES> 0 <NET-INCOME> (5,221,000) <EPS-PRIMARY> (.26) <EPS-DILUTED> (.26)