Updated: Bill Bolling Suspends Campaign for Governor

Richmond, VA - Lt. Gov. Bill Bolling has officially announced that he is dropping his bid for Governor.

Bolling sent out a letter to supporters Wednesday morning. This decision paves the way for Attorney General Ken Cuccinelli to be the likely Republican nominee.

In the letter, Bolling says he decided to set aside his personal ambition to be Governor four years ago and join with Bob McDonnell on his ticket. Bolling says he had hoped Cuccinelli would have joined him in 2013.

Bolling cited challenges in his campaign, including the decision by GOP officials to hold a nominating convention instead of a statewide primary - a process thought to favor Cuccinelli.

Bolling also says he did not want the race to divide the Republican party.

"I know how divisive conventions can be, and I was concerned that a prolonged campaign between Mr. Cuccinelli and me could create deep divisions within our party," said Bolling. "The convention process would have forced Republican activists to take sides against their friends in local committees all across our state."

Bolling was backed by Governor Bob McDonnell and also served as Mitt Romney's campaign chairman here in Virginia.

The likely Democratic nominee is Terry McAuliffe, former chairman of the Democratic National Committee.