New York City's CityRacks Design Competition announced its 10 finalists yesterday and installed 9 prototypes in Astor Place (others will be placed around the city). We blogged about this competition back in May. The designs look wonderful; fresh and utilitarian at the same time. Only one design was for multiple bikes suitable for a bike corral, the rest are single sidewalk racks. The designs are to be tested by the public to see how they hold up. A jury will pick a final winner later this month. Check out a summary of the press conference and photos by Inhabitat. We salute NYC for taking the initiative to find innovative designs and re-invent the sidewalk rack and look forward to Philadelphia getting this creative.