<ARTICLE> 5 <PERIOD-TYPE> 3-Mos <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> MAR-31-1998 <CASH> 110,571 <SECURITIES> 0 <RECEIVABLES> 11,234 <ALLOWANCES> 0 <INVENTORY> 9,237 <CURRENT-ASSETS> 138,615 <PP&E> 606,575 <DEPRECIATION> 40,663 <TOTAL-ASSETS> 827,793 <CURRENT-LIABILITIES> 61,769 <BONDS> 400,088 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 955 <OTHER-SE> 316,677 <TOTAL-LIABILITY-AND-EQUITY> 827,793 <SALES> 6,831 <TOTAL-REVENUES> 6,831 <CGS> 137 <TOTAL-COSTS> 137 <OTHER-EXPENSES> 17,176 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 6,180 <INCOME-PRETAX> (24,436) <INCOME-TAX> 9,774 <INCOME-CONTINUING> (14,662) <DISCONTINUED> 0 <EXTRAORDINARY> (788) <CHANGES> 0 <NET-INCOME> (15,450) <EPS-PRIMARY> (0.82) <EPS-DILUTED> (0.82)