Exchange 2010: Unable to open Exchange Management Console – Initialization Failed

Problem:  Exchange Management Console in Exchange 2010 will not open and references a server that is down or has been removed from the environment. Error Verbiage: Initialization Failed The following error occurred while attempting to connect to the specified Exchange server 'exchange.contoso.com': The attempt to connect to http://exchange.contoso.com/powershell using 'Kerberos' authentication failed: Connecting to the remote…

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