House of Galloway Continues Empire Building With $410,000 State Lease

House of Galloway Continues Empire Building With $410,000 State Lease

Most people in Great Falls know that the Department of Justice Driver’s License Services office relocated to the old Interstate Bank building at 1401 Market Place Drive last year. But they probably don’t know that the building being leased by the State is owned by TJBBPHASEP LLC. Never heard of it? Neither had we. Turns out that the “registered agent” for this corporation is Steven Galloway and the address is Steven and Lola Sheldon-Galloway’s.

The building in question used to be a bank but has been vacant for a long time. The only use it has seen recently has been to host the local Republican Pachyderm Club. We assume the Pachyderms didn’t pay for use of the building since the Galloways are leaders in the Club. The new lease sent the Pachyderms packing to a new location and Galloways with a significant increase in income.The terms of the new lease provides a five year term at $6,900 per month or $82,000 per year. It also allows a 2% annual increase. The term of the lease is five years. Don’t run for your calculator. The total gross income from the lease, payable to Galloway’s shell corporation, is $410,000. Information WTF406.com obtained from the Department of Justice shows that they only considered one other location, which actually cost less per foot, but was eliminated for other reasons. That information also indicates that the Department began drafting the Galloway lease before the final numbers came in from the other bidder.

We have written before about Steven Galloway’s habit of introducing legislation which benefits his business interests. https://wtf406.com/2023/01/galloway-attacks-renters-rights/. We have also examined the property he and Lola Sheldon-Galloway own around Great Falls. https://wtf406.com/2022/11/cascade-countys-right-wing-royalty-the-house-of-galloway/

To be clear, we have no reason to accuse the Galloways of breaking any laws (we don’t have enough information for that). But being in the legislature sure doesn’t hurt when you are in a competitive bidding process for doing business with the State.

It is common for some legislators to introduce bills that help their bottom line. See our article on Senator Jeremy Trebas https://wtf406.com/2023/04/the-continuing-saga-of-senator-trebas-dirty-real-estate-deal/
But it raises a question. Are they there to represent us or their own pocket books?