[CONNECT .NET] CONNECT Update 11 SDK: Build ManagedItemTypesExample fails in Visual Studio

I can open the MicroStation CONNECT Update 11 SDK command window and invoke BuildAllExamples.bat successfully.

If I change to folder \Annotatation\ManagedItemTypesExample and execute openSln.bat in the same SDK command window then Viz Studio opens and loads that project.

However, when I build that project in Viz Studio the build fails.  Viz Studio complains that it can't create temporary files in


If I create those folders (obj, Debug) manually then Viz Studio builds successfully.