ASP.NET Core 1.1 web application does not start when running with IIS Express in Visual Studio 2017

I've recently installed Visual Studio 2017 Professional and have just created the boilerplate ASP.NET Core Web Application

This is what happens when I hit Run (With IIS Express):

And this is what Visual Studio 2017's Output window says:

The program '[8260] dotnet.exe' has exited with code -2147450749 (0x80008083).

The program '[6476] iisexpress.exe' has exited with code 0 (0x0).

Steps to fix?

I think it's a bug as per Visual Studio 2017 Doesn't Run Core Apps with IIS Express.

And that the current status is fixed pending release: https://developercommunity.visualstudio.com/content/problem/11391/aspnet-core-iis-express-httplocalhost51733-failed.html

And that the workarounds meanwhile are probably:

• dotnet run
• Publish to local IIS. Which is working for me.
• (Untested: downgrade from core-1.1 to core-1.0)

If you aren't familiar with VS2017/asp.net: You probably have the Debug toolbar visible which shows you a dropdown with a green arrow and 'IIS Express'. Click on that and you should see a 'Run {yourprojectname}' option. This is the equivalent of dotnet run {yourprojectname} from the commandline