Website ideas anyone?

I have just bought a domain name http://www.yourlocalproject.com for the bargain price of $8 which i still cant believe.

This is a great domain with alot of aged backlinks and was even featured in an article here on wpmu https://premium.wpmudev.org/blog/free-plugin-lets-you-use-wordpress-multisite-to-power-multiple-buddypress-social-networks

Not sure what happened to previous owners but i guess the site didnt work out for them.

Just wondered if anyone has ideas of what would suit this domain name such as topic matter etc?

I think something cool can be done just need to figure out what.