Glebuchyov (or Glebov) ravine held an important place on the maps of Saratov. According to one version, the name of the ravine is connected to the name of the Saratov voivode Mikhail Glebov, who was allocated lands on its left bank in 1691-1692. In the 18th century, the ravine began to be called Glebuchyov.

After the city was relocated to its current site, the ravine became a natural barrier for the fortress. Along it, an earthen rampart was built, reaching heights of up to 4.5 meters and a length of 2245 meters, with towers around the perimeter for the city's protection. However, with the loss of the city's military significance in 1752, voivode I.A. Kazarinov ordered the rampart to be leveled, and a street named Valovaya appeared in its place.

From 1977 to 1986, the street bore the name of writer Konstantin Fedin, but after a monument to him was erected on the Cosmonauts' embankment, Fedin's name was assigned to the square, and the street was returned to its historical name.

The city expanded, and houses began to be built on the other side of the ravine, which until the mid-20th century divided the city into two parts. The ravine stretched from the city cemetery to the Volga, having many branches.

In 1773, the first bridge was built over the ravine. By the early 20th century, it was possible to cross the ravine via bridges on Astrakhanskaya, Ilyinskaya, and other streets. Each bridge had its own name, but only the name of Privalov Bridge, built by merchant Privalov, has survived. In 1890, the bridge was replaced with a stone dam.

Today, the bridge has only survived on Cherynishevsky Street, where trolleybuses and cars travel over it. Previously, it was wooden and narrow, earning the name "narrow bridge."

Urban ravines were originally deeper. In the 18th century, residents began to fill them in, mainly with manure. By the early 19th century, in anticipation of Emperor Alexander I's arrival, all dirt and garbage were also dumped into the ravines.

By the end of the 19th century, the sanitary condition of Glebuchyov ravine raised concerns. Water flowing from the cemetery soil contaminated the air, contributing to mortality. About 70,000 people lived in the ravine under unsanitary conditions.

In 1879, when the plague was approaching Saratov, it was ordered to clean the ravine and evict the residents, but there were no funds for this.

A small river, known as "stinky river" or "Glebovka," flowed at the bottom of the ravine, into which sewage was discharged. In the 1960s, it was enclosed in a concrete collector.

In the late 2000s, there were plans to build a shopping and entertainment center "June" in the ravine, but due to the 2008 crisis, the project was not realized.