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Ever since I upgraded to 14.9.0 I have to trash my prefs to get an existing project to open. It hangs and becomes nonresponsove. I can create a new project and that opens just fine. I didn't have this problem with 14.3.2. This is super annoying becuase I have custom keyboard shortcuts that I have to re-enter everythime I trash my prefs.
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Always clear media cache after any of Premiere Pro/Media Encoder/GPUdriver updates:
Preferences > Media Cache => Delete all media cache files..
Or you can do it manually - close Adobe PP/AME/AE, goto media cache location and delete folders:
Media Cache, Media Cache Files, PTX, Peak Files.
Do same with workspace, reset: Window > Workspaces > Reset to saved layout