diff --git a/api/py/ai/chronon/cli/compile/compile_context.py b/api/py/ai/chronon/cli/compile/compile_context.py
index 2c7c943fb4..da89fabb8c 100644
--- a/api/py/ai/chronon/cli/compile/compile_context.py
+++ b/api/py/ai/chronon/cli/compile/compile_context.py
@@ -3,14 +3,13 @@
 from typing import Any, Dict, List, Type
 
 from ai.chronon.api.common.ttypes import ConfigType
-from ai.chronon.api.ttypes import GroupBy, Join, StagingQuery, Team
+from ai.chronon.api.ttypes import GroupBy, Join, StagingQuery, Team, Model
 from ai.chronon.cli.compile.display.compiled_obj import CompiledObj
 from ai.chronon.cli.compile.display.compile_status import CompileStatus
 from ai.chronon.cli.compile.serializer import file2thrift
 from ai.chronon.cli.compile.conf_validator import ConfValidator
 import ai.chronon.cli.compile.parse_teams as teams
 from ai.chronon.cli.logger import require, get_logger
-from ai.chronon.model import Model
 
 
 logger = get_logger()
diff --git a/api/py/ai/chronon/cli/compile/compiler.py b/api/py/ai/chronon/cli/compile/compiler.py
index 9ebb99d135..efba5521c1 100644
--- a/api/py/ai/chronon/cli/compile/compiler.py
+++ b/api/py/ai/chronon/cli/compile/compiler.py
@@ -73,8 +73,15 @@ def _compile_class_configs(self, config_info: ConfigInfo) -> CompileResult:
 
         objects, errors = self._write_objects_in_folder(compiled_objects)
 
+
         if objects:
             compile_result.obj_dict.update(objects)
+            name_to_compiled_objects = {obj.name: obj for obj in compiled_objects}
+            for name, successful_obj in objects.items():
+                compiled_obj = name_to_compiled_objects[name]
+                self.compile_context.compile_status.add_object_update_display(
+                    compiled_obj, config_info.cls.__name__
+                )
 
         if errors:
             compile_result.error_dict.update(errors)
@@ -102,10 +109,6 @@ def _write_objects_in_folder(
 
                     for error in errors:
                         print(f"\nError processing conf {co.name}: {error}")
-                        traceback.print_exception(
-                            type(error), error, error.__traceback__
-                        )
-                        print("\n")
 
                 else:
                     object_dict[co.name] = co.obj
diff --git a/api/py/ai/chronon/cli/compile/parse_configs.py b/api/py/ai/chronon/cli/compile/parse_configs.py
index 5e2d57c640..b863538896 100644
--- a/api/py/ai/chronon/cli/compile/parse_configs.py
+++ b/api/py/ai/chronon/cli/compile/parse_configs.py
@@ -43,10 +43,6 @@ def from_folder(
                 )
                 results.append(result)
 
-                compile_context.compile_status.add_object_update_display(
-                    result, cls.__name__
-                )
-
         except Exception as e:
 
             result = CompiledObj(
@@ -55,10 +51,6 @@ def from_folder(
 
             results.append(result)
 
-            compile_context.compile_status.add_object_update_display(
-                result, cls.__name__
-            )
-
     return results
 
 
@@ -71,7 +63,9 @@ def from_file(file_path: str, cls: type, input_dir: str):
     rel_path_without_extension = os.path.splitext(rel_path)[0]
 
     module_name = rel_path_without_extension.replace("/", ".")
-    conf_type, team_name, rest = module_name.split(".", 2)
+
+    conf_type, team_name_with_path = module_name.split(".", 1)
+    mod_path  = team_name_with_path.replace("/", ".")
 
     module = importlib.import_module(module_name)
 
@@ -81,9 +75,9 @@ def from_file(file_path: str, cls: type, input_dir: str):
 
         if isinstance(obj, cls):
 
-            name = f"{team_name}.{rest}.{var_name}"
+            name = f"{mod_path}.{var_name}"
             obj.metaData.name = name
-            obj.metaData.team = team_name
+            obj.metaData.team = mod_path.split(".")[0]
 
             result[name] = obj
 
diff --git a/api/py/ai/chronon/cli/compile/parse_teams.py b/api/py/ai/chronon/cli/compile/parse_teams.py
index 4e6540af27..aeb67d23c7 100644
--- a/api/py/ai/chronon/cli/compile/parse_teams.py
+++ b/api/py/ai/chronon/cli/compile/parse_teams.py
@@ -1,5 +1,7 @@
 from copy import deepcopy
 import importlib
+import importlib.util
+import sys
 import os
 from ai.chronon.api.common.ttypes import (
     ExecutionInfo,
@@ -12,9 +14,27 @@
 
 logger = get_logger()
 
-_DEFAULT_CONF_TEAM = "common"
+_DEFAULT_CONF_TEAM = "default"
 
 
+def import_module_from_file(file_path):
+    # Get the module name from the file path (without .py extension)
+    module_name = file_path.split("/")[-1].replace(".py", "")
+
+    # Create the module spec
+    spec = importlib.util.spec_from_file_location(module_name, file_path)
+
+    # Create the module based on the spec
+    module = importlib.util.module_from_spec(spec)
+
+    # Add the module to sys.modules
+    sys.modules[module_name] = module
+
+    # Execute the module
+    spec.loader.exec_module(module)
+
+    return module
+
 def load_teams(conf_root: str) -> Dict[str, Team]:
 
     teams_file = os.path.join(conf_root, "teams.py")
@@ -24,7 +44,7 @@ def load_teams(conf_root: str) -> Dict[str, Team]:
         f"Team config file: {teams_file} not found. You might be running this from the wrong directory.",
     )
 
-    team_module = importlib.import_module("teams")
+    team_module = import_module_from_file(teams_file)
 
     require(
         team_module is not None,
@@ -32,7 +52,7 @@ def load_teams(conf_root: str) -> Dict[str, Team]:
     )
 
     team_dict = {}
-
+    logger.info(f"Processing teams from path {teams_file}")
     for name, obj in team_module.__dict__.items():
         if isinstance(obj, Team):
             obj.name = name
@@ -64,7 +84,7 @@ def update_metadata(obj: Any, team_dict: Dict[str, Team]):
 
     require(
         _DEFAULT_CONF_TEAM in team_dict,
-        f"'{_DEFAULT_CONF_TEAM}' team not found in teams.py, please add an entry 🙏",
+        f"'{_DEFAULT_CONF_TEAM}' team not found in teams.py, please add an entry 🙏.",
     )
 
     metadata.outputNamespace = team_dict[team].outputNamespace
diff --git a/api/py/ai/chronon/cli/logger.py b/api/py/ai/chronon/cli/logger.py
index 386b207549..ce6d59c2b1 100644
--- a/api/py/ai/chronon/cli/logger.py
+++ b/api/py/ai/chronon/cli/logger.py
@@ -53,9 +53,9 @@ def green(text):
 
 def require(cond, message):
     if not cond:
-        print(f"{red("❌")} {message}")
+        print(f"X: {message}")
         sys.exit(1)
 
 
 def done(cond, message):
-    print(f"{green("✅")} {message}")
+    print(f"DONE: {message}")
diff --git a/api/py/ai/chronon/repo/compilev3.py b/api/py/ai/chronon/repo/compilev3.py
new file mode 100644
index 0000000000..220ace4327
--- /dev/null
+++ b/api/py/ai/chronon/repo/compilev3.py
@@ -0,0 +1,34 @@
+import click
+import os
+
+from ai.chronon.cli.compile.compile_context import CompileContext
+from ai.chronon.cli.compile.compiler import Compiler
+
+
+@click.command(name="compile")
+@click.option(
+    "--chronon_root",
+    envvar="CHRONON_ROOT",
+    help="Path to the root chronon folder",
+)
+def compile_v3(chronon_root):
+    if chronon_root:
+        chronon_root_path = os.path.expanduser(chronon_root)
+        os.chdir(chronon_root_path)
+
+    # check that a "teams.py" file exists in the current directory
+    if not (os.path.exists("teams.py") or os.path.exists("teams.json")):
+        raise click.ClickException(
+            (
+                "teams.py or teams.json file not found in current directory."
+                " Please run from the top level of conf directory."
+            )
+        )
+
+    compile_context = CompileContext()
+    compiler = Compiler(compile_context)
+    compiler.compile(compile_context)
+
+
+if __name__ == "__main__":
+    compile_v3()
diff --git a/api/py/ai/chronon/repo/teams.py b/api/py/ai/chronon/repo/teams.py
index 2110327461..bee3825d5e 100644
--- a/api/py/ai/chronon/repo/teams.py
+++ b/api/py/ai/chronon/repo/teams.py
@@ -1,5 +1,4 @@
-"""A module used for reading teams.json file.
-"""
+"""A module used for reading teams.json file."""
 
 #     Copyright (C) 2023 The Chronon Authors.
 #
@@ -18,7 +17,7 @@
 import json
 
 # `default` team in teams.json contains default values.
-DEFAULT_CONF_TEAM = 'default'
+DEFAULT_CONF_TEAM = "default"
 
 loaded_jsons = {}
 
diff --git a/api/py/ai/chronon/repo/zipline.py b/api/py/ai/chronon/repo/zipline.py
index c23e0bb7f4..57ba0ec800 100644
--- a/api/py/ai/chronon/repo/zipline.py
+++ b/api/py/ai/chronon/repo/zipline.py
@@ -1,6 +1,6 @@
 import click
 
-from ai.chronon.repo.compile import extract_and_convert
+from ai.chronon.repo.compilev3 import compile_v3
 from ai.chronon.repo.run import main as run_main
 from ai.chronon.repo.init import main as init_main
 
@@ -10,6 +10,6 @@ def zipline():
     pass
 
 
-zipline.add_command(extract_and_convert)
+zipline.add_command(compile_v3)
 zipline.add_command(run_main)
 zipline.add_command(init_main)
diff --git a/api/py/ai/chronon/utils.py b/api/py/ai/chronon/utils.py
index 8157ac3d07..993f0cd4f9 100644
--- a/api/py/ai/chronon/utils.py
+++ b/api/py/ai/chronon/utils.py
@@ -25,14 +25,15 @@
 
 import ai.chronon.api.ttypes as api
 import ai.chronon.repo.extract_objects as eo
+from ai.chronon.cli.compile import parse_teams
 from ai.chronon.repo import (
     # GROUP_BY_FOLDER_NAME,
     # JOIN_FOLDER_NAME,
     # STAGING_QUERY_FOLDER_NAME,
     # MODEL_FOLDER_NAME,
     FOLDER_NAME_TO_CLASS,
-    TEAMS_FILE_PATH,
-    teams,
+    # TEAMS_FILE_PATH,
+    # teams,
 )
 
 
@@ -313,6 +314,11 @@ def get_staging_query_output_table_name(
     return output_table_name(staging_query, full_name=full_name)
 
 
+def get_team_conf_from_py(team, key):
+    team_module = importlib.import_module(f"teams.{team}")
+    return getattr(team_module, key)
+
+
 def get_join_output_table_name(join: api.Join, full_name: bool = False):
     """generate output table name for join backfill job"""
     # join sources could also be created inline alongside groupBy file
@@ -322,9 +328,13 @@ def get_join_output_table_name(join: api.Join, full_name: bool = False):
     # set output namespace
     if not join.metaData.outputNamespace:
         team_name = join.metaData.name.split(".")[0]
-        namespace = teams.get_team_conf(
-            os.path.join(chronon_root_path, TEAMS_FILE_PATH), team_name, "namespace"
+        namespace = (
+            parse_teams.load_teams(chronon_root_path).get(team_name).outputNamespace
         )
+        # TODO replace this with teams.py
+        # namespace = teams.get_team_conf(
+        #     os.path.join(chronon_root_path, TEAMS_FILE_PATH), team_name, "namespace"
+        # )
         join.metaData.outputNamespace = namespace
     return output_table_name(join, full_name=full_name)
 
diff --git a/api/py/requirements/base.in b/api/py/requirements/base.in
index a0f618f151..7fd5c8feab 100644
--- a/api/py/requirements/base.in
+++ b/api/py/requirements/base.in
@@ -7,4 +7,5 @@ sqlglot
 crcmod==1.7
 glom
 boto3
-importlib-resources==6.5.2
\ No newline at end of file
+importlib-resources==6.5.2
+rich
\ No newline at end of file
diff --git a/api/py/requirements/base.txt b/api/py/requirements/base.txt
index bcad0dff70..e1a9b17d68 100644
--- a/api/py/requirements/base.txt
+++ b/api/py/requirements/base.txt
@@ -1,10 +1,16 @@
-# SHA1:68652bbb7f3ec5c449c5d85307085c0c94bc4da3
+# SHA1:f6642699c69070a051b23fe523edcec65b717c6f
 #
 # This file is autogenerated by pip-compile-multi
 # To update, run:
 #
 #    pip-compile-multi
 #
+attrs==25.3.0
+    # via glom
+boltons==25.0.0
+    # via
+    #   face
+    #   glom
 boto3==1.37.6
     # via -r requirements/base.in
 botocore==1.37.6
@@ -19,6 +25,10 @@ click==8.1.8
     # via -r requirements/base.in
 crcmod==1.7
     # via -r requirements/base.in
+face==24.0.0
+    # via glom
+glom==24.11.0
+    # via -r requirements/base.
 google-api-core==2.24.0
     # via
     #   google-cloud-core
@@ -46,6 +56,8 @@ jmespath==1.0.1
     # via
     #   boto3
     #   botocore
+markdown-it-py==3.0.0
+    # via rich
 proto-plus==1.25.0
     # via google-api-core
 protobuf==5.29.3
@@ -59,12 +71,16 @@ pyasn1==0.6.1
     #   rsa
 pyasn1-modules==0.4.1
     # via google-auth
+pygments==2.19.1
+    # via rich
 python-dateutil==2.9.0.post0
     # via botocore
 requests==2.32.3
     # via
     #   google-api-core
     #   google-cloud-storage
+rich==13.9.4
+    # via -r requirements/base.in
 rsa==4.9
     # via google-auth
 s3transfer==0.11.4
diff --git a/api/py/test/sample/teams.json b/api/py/test/sample/deprecated_teams.json
similarity index 100%
rename from api/py/test/sample/teams.json
rename to api/py/test/sample/deprecated_teams.json
diff --git a/api/py/test/sample/group_bys/sample_team/sample_group_by_missing_input_column.py b/api/py/test/sample/group_bys/sample_team/sample_group_by_missing_input_column.py
index 3b4cdc1d74..886ac279f7 100644
--- a/api/py/test/sample/group_bys/sample_team/sample_group_by_missing_input_column.py
+++ b/api/py/test/sample/group_bys/sample_team/sample_group_by_missing_input_column.py
@@ -25,6 +25,7 @@
     sources=test_sources.staging_entities,
     keys=["s2CellId", "place_id"],
     aggregations=[
+        # Intentionally left out `input_column` to test error handling
         Aggregation(operation=Operation.COUNT),
         Aggregation(operation=Operation.COUNT),
     ],
diff --git a/api/py/test/sample/teams.py b/api/py/test/sample/teams.py
index 0466a7ba7c..dfb0f29427 100644
--- a/api/py/test/sample/teams.py
+++ b/api/py/test/sample/teams.py
@@ -42,7 +42,7 @@
 
 
 test = Team(
-    namespace="test",
+    outputNamespace="test",
     env=EnvironmentVariables(
         common={
             "GCP_BIGTABLE_INSTANCE_ID": "test-instance"  # example, custom bigtable instance
@@ -63,7 +63,7 @@
 
 
 sample_team = Team(
-    namespace="test",
+    outputNamespace="test",
     env=EnvironmentVariables(
         common={
             "GCP_BIGTABLE_INSTANCE_ID": "test-instance"  # example, custom bigtable instance
@@ -82,10 +82,10 @@
     ),
 )
 
-etsy_search = Team(namespace="etsy-search")
+etsy_search = Team(outputNamespace="etsy-search")
 
-kaggle = Team(namespace="kaggle")
+kaggle = Team(outputNamespace="kaggle")
 
-quickstart = Team(namespace="quickstart")
+quickstart = Team(outputNamespace="quickstart")
 
-risk = Team(namespace="risk")
+risk = Team(outputNamespace="risk")
diff --git a/api/py/tox.ini b/api/py/tox.ini
index f594f7cb3e..a9845da6fc 100644
--- a/api/py/tox.ini
+++ b/api/py/tox.ini
@@ -9,15 +9,10 @@ allowlist_externals = rm, mkdir, cp
 setenv = PYTHONPATH = {toxinidir}:{toxinidir}/test/sample
 # Run a compile test run.
 commands_pre =
-  rm -rf test/sample/production
-  python3 ai/chronon/repo/compile.py \
-    --chronon_root=test/sample \
-    --input_path=joins/sample_team/
-  python3 ai/chronon/repo/compile.py \
-      --chronon_root=test/sample \
-      --input_path=group_bys/sample_team/
-  mkdir -p {envtmpdir}/test/sample/production
-      cp -r test/sample/production/ {envtmpdir}/test/sample/production/
+  rm -rf test/sample/compiled
+  python3 ai/chronon/repo/compilev3.py --chronon_root=test/sample
+  mkdir -p {envtmpdir}/test/sample/compiled
+      cp -r test/sample/compiled/ {envtmpdir}/test/sample/compiled/
 commands =
   pytest test/ \
     --cov=ai/ \