Have you encountered the error “Binding failure error - "Cannot start the website because administrative privileges are required to bind to the host name or port" while starting to debug your ASP.NET web application?

PROBLEM
I had one simple web app, created with the MVC5 C# template, which worked all okay until few days. Suddenly, when try to start up I got a message "Cannot start the website because administrative privileges are required to bind to the host name or port" The project was created with Visual Studio 2013 before last update version 3. also I try tried to start project in Visual Studio 2012 and that was also unsuccessful.

SOLVING
1. Close your Visual Studio solution and go to your project’s folder and find the CSPROJ file.
2. Open it using your favorite text editor and find the following lines
3.  Search for these two lines and DELETE them:

<DevelopmentServerPort>0</DevelopmentServerPort>

<IISUrl>http://localhost:57680/</IISUrl>

4. Save CSPROJ file
5. Open your solution again and start debugging. You should now be able to debug your web application.

Let me know if this solution for the issue  “Binding failure error – Cannot start the website because administrative privileges are required to bind to the hostname or port” works for you.