Error with ASP.NET Core Project in Visual Studio 2015 Update 3

After installing Visual Studio 2015 Update 3, when I run the sample project for ASP.NET Core API Project I got the following errors:
Error MSB4064 The “OutputLogFile” parameter is not supported by the “VsTsc” task. Verify the parameter exists on the task, and it is a settable public instance property. C:\Program Files (x86)\MSBuild\Microsoft\VisualStudio\v14.0\TypeScript\Microsoft.TypeScript.targets 261

and

Severity Code Description Project File Line Suppression State
Error MSB4063 The “VsTsc” task could not be initialized with its input parameters. C:\Program Files (x86)\MSBuild\Microsoft\VisualStudio\v14.0\TypeScript\Microsoft.TypeScript.targets 247

These errors point to the following code in the following file  C:\Program Files (x86)\MSBuild\Microsoft\VisualStudio\v14.0\TypeScript\Microsoft.TypeScript.targets

<VsTsc
ToolPath="$(TscToolPath)"
ToolExe="$(TscToolExe)"
Configurations="$(TypeScriptBuildConfigurations)"
FullPathsToFiles="@(TypeScriptCompile)"
YieldDuringToolExecution="$(TscYieldDuringToolExecution)"
OutFile="$(TypeScriptOutFile)"
OutDir="$(TypeScriptOutDir)"
ProjectDir="$(ProjectDir)"
ToolsVersion="$(TypeScriptToolsVersion)"
RootDir="$(TypeScriptRootDir)"
TypeScriptCompileBlocked="$(TypeScriptCompileBlocked)"
JsxPreserve="$(JsxPreserve)"
ComputeOutputOnly="false"
OutputLogFile="$(CompilerOutputLog)">
<Output TaskParameter="GeneratedJavascript" ItemName="emittedFiles" />
</VsTsc>

The workaround I found so far is to comment all the code above and this fixes the build problem I experience:

<!--<VsTsc
ToolPath="$(TscToolPath)"
ToolExe="$(TscToolExe)"
Configurations="$(TypeScriptBuildConfigurations)"
FullPathsToFiles="@(TypeScriptCompile)"
YieldDuringToolExecution="$(TscYieldDuringToolExecution)"
OutFile="$(TypeScriptOutFile)"
OutDir="$(TypeScriptOutDir)"
ProjectDir="$(ProjectDir)"
ToolsVersion="$(TypeScriptToolsVersion)"
RootDir="$(TypeScriptRootDir)"
TypeScriptCompileBlocked="$(TypeScriptCompileBlocked)"
JsxPreserve="$(JsxPreserve)"
ComputeOutputOnly="false"
OutputLogFile="$(CompilerOutputLog)">
<Output TaskParameter="GeneratedJavascript" ItemName="emittedFiles" />
</VsTsc>-->

I will update the post if I find a better solution.

Kanio