Elizabeth Street is one of the main streets in the central business district of Melbourne, Victoria, Australia, part of the Hoddle Grid laid out in 1837. It is presumed to have been named in honour of governor Richard Bourke's wife. The street is known as a retail shopping precinct. It is connected with key shopping and tourist destinations such as Bourke Street Mall, Melbourne's GPO, Melbourne Central Shopping Centre, Emporium Melbourne and Queen Victoria Market. Geography The street runs roughly north-south in-between Queen Street and Swanston Street. At the southern end the street terminates at Flinders Street station, whilst the northern end terminates at Grattan Street, north of the Haymarket Roundabout. Haymarket connects Elizabeth Street to Peel Street towards the south-west, Flemington Road to the north-west, Royal Parade to the north and Grattan Street to the East. This complex, high-traffic roundabout is further complicated by trams travelling through it on varying routes. Traffic lights were installed on the roundabout in 2011 to limit the dangerous complexity of the intersection, it having previously functioned as a normal roundabout. Floods Elizabeth Street is the lowest point in the Melbourne central business district, with land rising both to the east and west, and more gradually to the north. The street was built on top of a historic natural creek and has suffered numerous floods in Melbourne's history. Flash flooding south towards the Yarra River occurred in 1882, 1972 and more recently during the 2010 Victorian storms. The Elizabeth Street drain runs from Carlton in the north to the Yarra River in the south, carrying storm water from the inner northern suburbs and city centre. This drain is a significant source of pollutants entering the lower Yarra. Notable buildings Elizabeth Street is home to many historically important buildings, modern structures and works of art. These various works are listed on both the Victorian Heritage Register and National Trust of Australia. Victorian Heritage Register Flinders Street Station Melbourne City Building General Post Office Underground Toilets Mitchell House Block Arcade Royal Arcade Queen Victoria Market Hosies Hotel Mural Former Melford Motors St Francis Church National Trust 289 Elizabeth Street Angus & Robertson Building London Hotel Royal Saxon Hotel Argus Building Paton Building Brooks' Chambers Michaels Building Ampol House (demolished by the University of Melbourne and replaced with the Peter Doherty Institute) Former Colonial Bank Former Kodak Factory Complex Former Hosies Hotel & Richard Beck Mural Womens