Getting "Serve.loadSettings - You must pass a project object..." error


#1

After updating to the latest CLI, when I run

$ ionic serve

I get

Serve.loadSettings - You must pass a project object to pull out project specific settings from

Error: Serve.loadSettings - You must pass a project object to pull out project specific settings from
    at Object.loadSettings (/usr/local/lib/node_modules/ionic/node_modules/ionic-app-lib/lib/serve.js:153:11)
    at Object.IonicTask.run (/usr/local/lib/node_modules/ionic/lib/ionic/serve.js:30:23)
    at Object.run (/usr/local/lib/node_modules/ionic/lib/cli.js:71:32)
    at Object.<anonymous> (/usr/local/lib/node_modules/ionic/bin/ionic:13:10)
    at Module._compile (module.js:460:26)
    at Object.Module._extensions..js (module.js:478:10)
    at Module.load (module.js:355:32)
    at Function.Module._load (module.js:310:12)
    at Function.Module.runMain (module.js:501:10)
    at startup (node.js:129:16)
    at node.js:814:3

Serve.loadSettings - You must pass a project object to pull out project specific settings from (CLI v1.4.8)

#2

Fixed in 1.5.0 – here are some more words so that my response is acceptable