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Millionaire Tom Knox Won't Run for Pa. Governor

Millionaire business executive Tom Knox says he won't run for Pennsylvania governor and is instead considering another bid for Philadelphia mayor.

Knox said in a statement Thursday he has decided not to run for governor. In recent weeks, other Democrats have been announcing plans to challenge Republican Gov. Tom Corbett in his expected 2014 re-election bid.

But Knox says he's instead "seriously considering" running for mayor of Philadelphia in 2015. He lost to now-Mayor Michael Nutter in a five-way Democratic primary in May 2007. He had campaigned for governor in 2010, but withdrew before the primary.

Nutter was re-elected to a second term in 2011 and cannot run again.

Knox says he plans a formal announcement of his plans in the near future.

Copyright 2013 The Associated Press.