<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET, CONSOLIDATED STATEMENT OF OPERATIONS, CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS' INVESTMENT, CONSOLIDATED STATEMENTS OF
CASH FLOWS AND NOTES TO CONSOLIDATED, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS AND NOTES TO CONSOLIDATED STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                       8,430,336
<SECURITIES>                                         0
<RECEIVABLES>                                  905,438
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            10,938,566
<PP&E>                                     160,217,325
<DEPRECIATION>                               8,244,384
<TOTAL-ASSETS>                             180,333,538
<CURRENT-LIABILITIES>                       10,599,112
<BONDS>                                    158,593,190
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        295
<COMMON>                                         5,743
<OTHER-SE>                                  11,125,164
<TOTAL-LIABILITY-AND-EQUITY>               180,333,538
<SALES>                                     43,472,998
<TOTAL-REVENUES>                            43,472,998
<CGS>                                       29,538,407
<TOTAL-COSTS>                               29,538,407
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                          10,189,863
<INCOME-PRETAX>                            (5,721,066)
<INCOME-TAX>                               (2,182,022)
<INCOME-CONTINUING>                        (3,539,044)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (3,412,906)
<EPS-PRIMARY>                                    (.67)
<EPS-DILUTED>                                        0