[2] The extensive building complex is listed on the Victorian Heritage Register as being of "historical, architectural, social and technological significance" to the State of Victoria.

[7] In 1885, hand-operated railway gates were provided at the level crossing at Lydiard Street, together with the "B" signal box to operate it on the western side.

Following the opening of the direct line from Ballarat to Melbourne in December 1889, the increase in patronage led to an upgrade of the station.

[9] The City of Ballaarat, the National Trust and the Historic Buildings Council responded with a successful campaign to save the gates.

[11] Following the 2006 Regional Fast Rail project, and the introduction of V/Line's VLocity trains, as well as the reintroduction of services to Ararat in 2004, passenger numbers at Ballarat increased by as much as 40% a year.

On 30 May 2020, a VLocity passenger train, operated by V/Line, failed to stop at Ballarat, and crashed into the interlocked gates protecting the Lydiard Street North level crossing.

[14] On 16 November 2021, the level crossing reopened with temporary boom barriers installed,[15][16] with the remains of the interlocked gates placed in storage in nearby Wendouree.