Insight Terminal Solutions (ITS) is the Oakland and Louisville, Ky-based company started to co-develop the Oakland Bulk and Oversized Terminal (OBOT) bulk terminal on the land that was the Oakland Army Base that is being developed by Phillip H Tagami of California Capital Investment Group (CCIG). Insight Terminal Solutions had John Siegel as its CEO. Siegel, a noted expert on coal, was brought in by Mr. Tagami for his bulk commodity industry relationships that could translate to revenue for the OBOT.

Insight Terminal Solutions' Oakland Bulk and Oversized Terminal was also the focus of what could be called a cover-up of evidence that the City of Oakland knew coal would be part of the mix of commodities hauled during the operation of the OBOT.  The City of Oakland commissioned a study called the Tioga Report in 2012Later, in 2018, Mr. Tagami asked for a copy of the report; the City of Oakland denied its existence, only to be forced to produce it during the discovery phase of Tagami's lawsuit against Oakland in 2018.

On July 7, 2019, ITS filed a voluntary petition for Chapter 11 bankruptcy, listing a number of creditors, most notably an entity called Autumn Winding Lending LLC (affiliated with the Autumn Wind hedge fund), to which ITS owed $7.1 million that was secured by the sublease held by ITS for the OBOT. 1 After a failed attempt to have the bankruptcy petition dismissed, Autumn Wind's proposed reorganization plan for ITS was accepted in November of 2020, and Autumn Wind took over the sublease and control of ITS. 2  Thus far, Autumn Wind has not said anything about abandoning the Oakland Bulk and Oversized Terminal Project, although many observers question whether the coal terminal would be part of the project even if it does go forward. Content consultant Zennie Abraham, who has a 30-year-history with the OBOT, says that climate change objectives can be met with the project, and that the overall worldwide problem is due to overcrowding, not just emissions

Links and References

  1. Chapter 11 Petition
  2. Hedge Fund Ousts Coal Exec in Bid to build Oakland Export Terminal