<ARTICLE>                     5
<MULTIPLIER>                            1,000
       
                                     
<PERIOD-TYPE>                           YEAR                                   
<FISCAL-YEAR-END>                       DEC-31-1998                            
<PERIOD-START>                          JAN-01-1998                    
<PERIOD-END>                            DEC-31-1998                            
<CASH>                                      114,380                
<SECURITIES>                                 41,000                      
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<ALLOWANCES>                                      0              
<INVENTORY>                                       0                   
<CURRENT-ASSETS>                            300,915               
<PP&E>                                      301,969                
<DEPRECIATION>                                4,064               
<TOTAL-ASSETS>                              679,749                               
<CURRENT-LIABILITIES>                        52,477               
<BONDS>                                     594,617                                     
<PREFERRED-MANDATORY>                             0                 
<PREFERRED>                                       0                 
<COMMON>                                          0           
<OTHER-SE>                                   32,655                                   
<TOTAL-LIABILITY-AND-EQUITY>                679,749            
<SALES>                                           0                       
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<CGS>                                             0                       
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<LOSS-PROVISION>                                  0                            
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<INCOME-PRETAX>                             (20,000)                   
<INCOME-TAX>                                      0                    
<INCOME-CONTINUING>                         (18,925)              
<DISCONTINUED>                              (60,965)                  
<EXTRAORDINARY>                                   0                
<CHANGES>                                         0           
<NET-INCOME>                                (79,890)                           
<EPS-PRIMARY>                                     0                
<EPS-DILUTED>                                     0