John Seckler designed a better bike rack but the world didn't come beating a path to his door. He submitted his bike rack to NYC but it didn't make the cut. That's a shame. It's really the perfect bike rack... simple and can be attached to existing things like subway stops and parking meters and street lights.
I'm not certain about the shade of green he uses, but I could live with it. It's a great design, simple and functional.