Hi Willsinator38. I used WinRAR to unzip the project file. Before unzipping, remind you must change the ".prproj" extension to ".zip". Then you obtain a xml file without extension. Add ".xml" extension to this extracted file then you can edit it. Good luck.
As Mark Mapes said this bug is corrected in the new 7.2.1 Premiere Pro CC update.
Peace
noar