<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> SEP-30-1998 <PERIOD-START> OCT-01-1997 <PERIOD-END> MAR-31-1998 <CASH> 3,276,053 <SECURITIES> 0 <RECEIVABLES> 770,172 <ALLOWANCES> (9,579) <INVENTORY> 185,253 <CURRENT-ASSETS> 4,873,825 <PP&E> 66,391,616 <DEPRECIATION> (10,625,451) <TOTAL-ASSETS> 62,364,514 <CURRENT-LIABILITIES> 50,970,439 <BONDS> 1,148,396 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,250,000 <COMMON> 7,181 <OTHER-SE> 6,988,498 <TOTAL-LIABILITY-AND-EQUITY> 62,364,514 <SALES> 0 <TOTAL-REVENUES> 22,397,754 <CGS> 0 <TOTAL-COSTS> 9,703,126 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,927,212 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> (1,160,701) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,160,701) <EPS-PRIMARY> (.173) <EPS-DILUTED> (.173)