Which part of the content on the page are other users prevented from accessing? This is the content you'll essentially be rehosting / hosting locally.
Another way to do this would be having a service to rip and rehost content, somewhat similar to a FLV-ripping site (ie. download from Youtube). This kind of site would likely violate copyrights on the rehosted content. You could provide your user/pass to another site, then this service could use your creds to crawl a restricted site and constantly update itself -- but how many people would trust a random crawling site?