<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
BALANCE SHEET AS OF 9/30/98 AND THE STATMENT OF OPERATIONS FOR THE THREE
MONTHS ENDED 9/30/98 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                            9550
<SECURITIES>                                      5225
<RECEIVABLES>                                     2645
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 36210
<PP&E>                                          125859
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  198010
<CURRENT-LIABILITIES>                            38682
<BONDS>                                         149763
<PREFERRED-MANDATORY>                            25000
<PREFERRED>                                          0
<COMMON>                                             1
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                    198010
<SALES>                                              0
<TOTAL-REVENUES>                                 38981
<CGS>                                                0
<TOTAL-COSTS>                                    43880
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                3171
<INCOME-PRETAX>                                      0
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             (7131)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    (7131)
<EPS-PRIMARY>                                   (0.73)
<EPS-DILUTED>                                        0