Does it get any traffic now?
Personally, I think you're better with a fan site. As soon as you commercialize it, especially for something female related, they will say that you are trying to profit from their trademark. By my judgement, modeling schools is a definite infringement, as are womens clothes. To commercialize it without infringing on their TM, I think you'd need to go an entirely different direction. As an example, Howard Stern published a book titled Miss America, but it had nothing to do with females or the pageant. (Plus, he and Trump are friends.) You'd probably have to sell tractors or something to really avoid the issue. That's why I say you're better off trying to ride a parallel line with them, by creating a history site, or fan message board.