The base URL for this Web project, '<Project>', has bad URL syntax

This error has the following cause and solution:

• The URL that you entered for the base URL for a VSS Web project has bad URL syntax.

  Valid syntax for the URL is shown in these examples:

  http://www.microsoft.com/default.htm
  http://www.microsoft.com
  

  You can change the URL in the Web Projects tab that is accessed by selecting Options from the Tools menu, or edit the URL in the SRCSAFE.INI file.