TOWNS and suburbs on Port Phillip including Rosebud and McCrae could be submerged by coastal flooding combined with heavy rain events by the end of the century, says an unpublished confidential report. Port Phillip Coastal Adaption Pathways Program studied four bayside areas – Rosebud-McCrae, Mordialloc, Elwood and Southbank as well as a low-lying area in North Melbourne. The existence of the report was revealed after Mornington Peninsula Shire councillors held a private meeting on 24 September. This was after the public gallery was cleared at the end of the final public meeting before the council went into caretaker mode in…