The dynamics of land use in Russkii Island is considered for the period from 2007 to 2014, and some issues of its future development are analyzed. The areas of lands of different categories and the maps of land use on the Sapernyi Peninsula are provided for different time spans. It is established that the implementation of the program of the preparation of Vladivostok for APEC Summit 2012 led to a substantial change in the land use pattern in Russkii Island: the area not involved in the economic turnover decreased by 5.09 %, the zone of production, engineering and transport infrastructure increased by a factor of 21.5, and the share of lands for recreational purposes increased more than twice. It is shown that recreational activities implying a decrease in the share of lands not involved in the economic activities by more than a factor of 5 must become the dominant kind of land use (according to the program of development of Vladivostok). Attention is focused on the issue related to the creation of the territory of priority socioeconomic development in Russkii Island through the use of private-state partnership mechanisms. It is pointed out that the implementation of the development plans for the island is delayed, in spite of the legislative and financial support from federal and regional authorities. Emphasis is placed on the need to develop the program of comprehensive substantiation, modeling and forecasting of the development of Russkii Island in the interests of the sustainable functioning of the natural-economic system.Keywords: land use, development plans, recreational activity, territory of priority development.