Facts: The City of Winnipeg entered a purchase agreement with Earl's Holdings, including a reversionary interest clause if development conditions weren't met.
Issue: Dispute over enforcement of the reversionary interest clause and whether verbal agreements waived the City's right to enforce it.
Court's Ruling: The court sided with the City of Winnipeg, enforcing the reversionary interest and dismissing the arguments of estoppel and waiver by Earl's Holdings.
Costs/Damages Awarded: Specific amounts for costs or damages were not detailed in the provided information.
