For anyone else having this problem, I went into the generated code and did a search on...
[Entities.Bindable, DataObjectField(false, false, true)]
and replaced it with...
[System.ComponentModel.
Bindable(System.ComponentModel.BindableSupport.Yes)]
[
DataObjectField(false, false, true)]
as it was in the previous version of the generated code that compiled properly. After doing this I was able to compile successfully but this is still an issue. I can't do search and replace everytime I generate the code. Also, I have to go back and look at what the real impact of this change is.