<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> SEP-30-1999 <PERIOD-START> OCT-01-1998 <PERIOD-END> JUN-30-1999 <CASH> 13,742,859 <SECURITIES> 0 <RECEIVABLES> 1,063,489 <ALLOWANCES> 0 <INVENTORY> 1,191,065 <CURRENT-ASSETS> 19,776,234 <PP&E> 200,870,034 <DEPRECIATION> 55,447,120 <TOTAL-ASSETS> 179,555,924 <CURRENT-LIABILITIES> 89,831,697 <BONDS> 79,535,226 <PREFERRED-MANDATORY> 0 <PREFERRED> 23,573,083 <COMMON> 61,954 <OTHER-SE> (127,868,082) <TOTAL-LIABILITY-AND-EQUITY> 179,555,924 <SALES> 0 <TOTAL-REVENUES> 94,656,423 <CGS> 0 <TOTAL-COSTS> 53,109,311 <OTHER-EXPENSES> 33,159,310 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 19,178,417 <INCOME-PRETAX> (11,323,112) <INCOME-TAX> 0 <INCOME-CONTINUING> (11,323,112) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (11,323,112) <EPS-BASIC> (2.08) <EPS-DILUTED> (2.08)