<ARTICLE> 5 <MULTIPLIER> 1,000 <CURRENCY> US Dollar <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <EXCHANGE-RATE> 1 <CASH> 74,949 <SECURITIES> 0 <RECEIVABLES> 10,034 <ALLOWANCES> 353 <INVENTORY> 0 <CURRENT-ASSETS> 141,790 <PP&E> 366,772 <DEPRECIATION> (54,728) <TOTAL-ASSETS> 918,918 <CURRENT-LIABILITIES> 45,069 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 115,965 <COMMON> 114 <OTHER-SE> (44,346) <TOTAL-LIABILITY-AND-EQUITY> 918,918 <SALES> 4,322 <TOTAL-REVENUES> 36,920 <CGS> 1,788 <TOTAL-COSTS> 56,153 <OTHER-EXPENSES> 28,402 <LOSS-PROVISION> 500 <INTEREST-EXPENSE> 27,829 <INCOME-PRETAX> (50,729) <INCOME-TAX> 0 <INCOME-CONTINUING> (50,729) <DISCONTINUED> 0 <EXTRAORDINARY> 15,763 <CHANGES> 0 <NET-INCOME> (50,729) <EPS-PRIMARY> (4.90) <EPS-DILUTED> (4.90)