RICHMOND (AP) — Republican Lt. Gov. Bill Bolling Tuesday ruled out an independent bid for Virginia governor, clearing the way for a one-on-one major-party showdown between Democrat Terry McAuliffe and Republican Ken Cuccinelli.

Bolling announced his decision in a Tuesday morning email to supporters, more than 3½ months after folding his Republican candidacy for the office in November and leaving Cuccinelli uncontested for the GOP nomination.

He said his decision hinged on the daunting task an independent candidate faces raising money without the help of a major party, and the fact that the lifelong Republican would have to forever sever his ties to the GOP.

Lt. Gov. Bill Bolling (AP Photo)

“You can have a winning message, but if you don’t have the resources to effectively communicate that message to voters you cannot win,” he wrote, saying he needed to raise $10 million to $15 million to wage a credible campaign.

“Based on my discussions with key donors over the past three weeks, I was confident I could raise enough money to run a competitive campaign, but I was not confident I could raise enough money to run a winning campaign,” he said.

A Bolling candidacy would have been a major obstacle to GOP candidate Ken Cuccinelli, possibly diluting the conservative vote.

Bolling neither endorsed nor criticized either major party candidate, but he voiced continued concern about the sharp right turn he sees the GOP making under Cuccinelli, just as he did last fall in concluding that the Virginia Republican Party takeover by pro-Cuccinelli conservatives had blocked his path to the GOP nomination.

“While I am very concerned about the current direction of the Republican Party, I still have many dear friends in the Republican Party, people who have been incredibly supportive of me over the years,” Bolling said.

In their responses to Bolling’s decision, Cuccinelli and McAuliffe each sought to establish solidarity with him.

Cuccinelli’s campaign dismissed McAuliffe as “a career Washington Insider and Democrat fundraiser” and pledged to advance tax and education reforms and implement “a comprehensive transportation plan.”

“That is what I will do as Virginia’s next governor, just as the (Gov. Bob) McDonnell, Bolling, Cuccinelli team has worked together to accomplish,” Cuccinelli wrote in a statement. He omitted his opposition to a bipartisan transportation funding package the General Assembly passed last month. Cuccinelli called it a major tax increase.

McAuliffe, without mentioning Cuccinelli by name, portrayed him as a hyperconservative ideologue hostile to bipartisan solutions.

“Just this past month, I was pleased to join Lt. Gov. Bolling, Gov. McDonnell and both parties in the legislature to support a mainstream compromise on transportation. Despite the efforts of a few on the far right to derail the compromise, we were able to come together and address a major economic issue for Virginia,” McAuliffe wrote in a press statement.

The only other candidate still in the race is one-time White House party crasher and former reality television figure Tareq Salahi, who also abandoned his obscure GOP candidacy to run as an independent.

Bolling, a former insurance executive, said he will return to private business. He did not say whether he will seek elective office again.

Virginia and New Jersey are the only states to elect governors this year, and Virginia’s race is the only one competitive. A recent Quinnipiac University statewide poll showed a tie between McAuliffe, a former Democratic National Committee chairman and fundraising guru for the presidential campaigns of Bill and Hillary Clinton, and Cuccinelli, Virginia’s activist conservative attorney general.

With Bolling in the race, according to the poll, McAuliffe edged to a tenuous lead of 3 percentage points, roughly the survey’s margin of sampling error.

Gov. Bob McDonnell, relieved that Bolling is no threat to Cuccinelli, praised the lieutenant governor as a “results-oriented conservative” who, as McDonnell’s chief jobs creation officer, helped lower Virginia’s unemployment rate from 7.2 percent three years ago to 5.5 percent now.

“Now, with this decision, we can focus on electing Attorney General Ken Cuccinelli as Virginia’s next Republican governor,” said McDonnell, who is uniquely barred by Virginia’s constitution from seeking re-election to a second term.

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