<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BALANCE SHEET, STATEMENT OF OPERATIONS, STATEMENT OF COMPREHENSIVE INCOME,
AND STATEMENT OF CASH FLOWS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                              APR-1-1998
<PERIOD-END>                               JUN-30-1998
<CASH>                                           21661
<SECURITIES>                                         0
<RECEIVABLES>                                     2652
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 51060
<PP&E>                                          123123
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  211991
<CURRENT-LIABILITIES>                            46886
<BONDS>                                         144444
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                      25000
<COMMON>                                             1
<OTHER-SE>                                     (25947)
<TOTAL-LIABILITY-AND-EQUITY>                    211991
<SALES>                                              0
<TOTAL-REVENUES>                                 71816
<CGS>                                                0
<TOTAL-COSTS>                                    83158
<OTHER-EXPENSES>                                (4283)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (15625)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  (767)
<CHANGES>                                       (1320)
<NET-INCOME>                                   (17712)
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                   (1.78)