Unable to connect to the configured development Web server
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Failed to register URL "http://{ip_addr}:{port}/" for site "{project_name}" application "/". Error description: Access is denied. (0x80070005)
I have tried many many other solution, it is really headache. The fastest way to resolve it, is just go to your original folder , copy paste it and rename it. And open the website again.
this works for me.