I think the problem you'd run into, no criticism intended, is that the arenas that house a Wrestlemania event are confirmed so far in advance that it would make it hard for someone to time the story right. They're already well into the bidding for Wrestlemania 30 (I don't know for sure where they are with that nor do I really care) which would take us through 2014, so you can imagine that if someone like Johnny Ace was saying "there's going to be no WrestleMania in 2015..." this year or next you might have a little trouble getting people invested until The Road starts again 2 to 3 years later.
One other possible issue would be that when a venue finally is confirmed, they start promoting it extremely early and by the time the Royal Rumble 2015 (or whatever year) rolled around when it would really start to matter you'd already have people with Wrestlemania tickets. On the other hand, if they chose to claim WrestleMania was too financially cumbersome, the fans would have no choice to accept it because the storylines are WWE's perogative. If we don't like it; we can sit and spin.
This particular viewer could buy it. I don't ever intend on going to Mania nor is it ever going to come to my neck of the woods, so if they chose to put that storyline into programming I'd be happy to watch it quietly with my "complaining mouth" hanging from a coat rack at the door. So to me, the storyline would be fresh and new and enjoyable.
But that may be just my humble opinion, and who should really give a crap about my humble opinion besides yours truly? Best regards, wrestling fans.