So I want to start a local blog on my town. Its a small town, but it has a lot of unique .....stuff, and there is A LOT that goes unmentioned online. My goal would be to attract local people and regional folks to visit my site and learn more. Eventually I want to attract the attention of local businesses and get them to advertise on my site.

The thing is, there is hardly any competition at all, and I'm sure I could out-rank even the major websites for my town quickly. (like the chamber of commerce, lol)

What I am asking is, does this sound like a good idea?