Library Update Error

So I upgraded my FCP to this latest version and now when my existing Library tries to update itself to work with the new version, I cannot complete the loading process stating that there was an error trying to load and update the library.

So Final cut works… but can only create new libraries and cannot open my old one for some weird reason..

So that that reason only, IT SUCKS

RazTech about Final Cut Pro, v10.3