My guess is it's a rumour that conflates two issues where Council has likely been informed that Eau Claire to Shepard will cost $XX but that requires additional funding from provincial and federal governments that have shown zero interest in coming to the table so the plan B is that they could build Eau Claire to Ogden within the original project budget and that might just have to be good enough.
If that's the case, I'm okay with it. Get the costly, complicated downtown segment out of the way and then just start incremental extensions of the line to the north and to the south afterwards. Both the provincial and federal governments have said they are open to funding future expansions, just not more money for Stage 1. Plus it has the added middle finger of penalizing the UCP for not offering more money by holding the train back from the ridings in south east Calgary they won.