Mayor Bob Bratina seems to think so, according to this Spec article. Certainly a possibility. One small issue I have with the narrative in the article is the contention the Cats are putting in nothing to the stadium. The stadium surcharge plus naming rights is something, although the city would obviously prefer something upfront.
I'm somewhat concerned about the two seasons the Cats will apparently miss while Ivor Wynne is rebuilt. I was hoping that a combination of a bunch of road games at the start of one season, plus maybe a home game or maybe two in Moncton would help bring it down to a single season.