Yes, but...
The racks are pretty cheap. IIRC (from something I saw a few years back) as low as $900* a rack (although I'm sure any MBTA grade rack will be much higher!.
The money is largely coming from federal grants, so a lot of its not the T's money anyway.
Its a good service for some of the T's riders that's pretty easy to do.
*Edit: Re-read the press release, its 300 racks at $255,000, or $850/rack. A steal at twice the price!
Wondering if I'll see the Western Route double-tracking finished before I retire...
Photo: Melbourne W7 No. 1019 on Route 78, Bridge & Church Streets, Richmond, Victoria. 10/21/2010