For some reason when I try to open a solution the project says "load failed." When I try reload the project I get the following error:

Creation of the virtual directory //localhost:xxxx/ failed with the error: Unable to access the IIS metabase. You do not have sufficient privilege to access IIS web sites on your machine.

I've run into this error on at least three different occasions and each time I fixed the problem by reinstalling Visual Studio and .NET Framework 4.5.1. However, reinstalling is not working this time. Here are the things I've already tried:

* Reinstalled Visual Studio and .NET Framework 4.5.1
* Ran Visual Studio as Administrator
* Turn IIS features off and on

Unfortunately, none of these things have worked and I really need to resolve this problem

Any suggestions are welcome!

Thank you.