This article summarizes the mission and business model of NYU Local, a hyperlocal news organization that publishes content on various websites. It provides a platform for professional and citizen journalism focused on the minutiae of the local NYU community. It uses Creative Commons licensing and embraces a link economy, though has faced copyright issues. While gift economies and collaboration are motivating factors, the model may not be sustainable long-term due to issues like lack of credibility and some low-quality citizen contributions. The future lies in a mix of aggregation and structured citizen/professional reporting within a community.