In the Russian Federation, «general plans» are commonly used as territorial planning tools developed to regulate the prospective development of cities. They determine the functional distribution of territorial resources for the purposes of building formation and the establishment of its permissible parameters. However, «general plans» are being increasingly criticized, primarily due to their simplified and standard approach to forecasting the city’s future development, which fails to consider the real long-term socio-economic and technological trends, managerial aspects and changing needs of citizens. This requires a constant alteration of documents designed to last for at least 20 years. The territorial planning system needs a significant transformation. However, questions arise as to whether to keep the usual «general plans» or replace them with master plans that go beyond the urban planning approach, and combine strategic and project forms of long-term planning. Will the replacement of documents help the implementation of urban development plans? Or is the form of the document not so important, provided that proactive proposals are actively taken into account, policies based on long-term forecasting are applied, and digital and other modern tools are used? The article discusses approaches to updating the territorial planning system, the specifics of the formation and conditions for the development of master plans, and the assessment of their success in achieving their goals.