Depends how far they boost it up. Once it's in MEO instead of LEO decay is less of a problem, and there would be ample time to achieve further boosts. For example the GPS satellites will take millenia to move considerably closer to earth.

The article actually mentions the idea, but apparently it's bound to physically fall apart after a while, and it's a big thing that could make a lot of debris. I guess you could put it in a net, but I'm not sure how cool a bundle of scrap that used to be the ISS is. The smart folks at NASA seem sure there's no point.