PHILADELPHIA (CBS) — Philadelphia businessman Sam Katz, a three-time candidate for mayor, announced Tuesday he will not run again this year, as an independent.

Katz released a statement reading, in part:

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“For much of the past year, I have given serious consideration to another run for Mayor.

 I’ve run three times. I have always wanted to serve as Mayor because I felt strongly that I could and would make an important contribution to the future of my city through my leadership, ideas and through collaborations with others.

 However, I have concluded that another run is not right for me today.”

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Katz ran unsuccessfully for mayor three times, including two general election battles as a Republican, in 1999 and 2003, against Democrat John Street.

“I want to thank everyone who encouraged me to run, who thought that Philadelphia was ready for an independent candidacy–for my candidacy–and who said they would be there to help me if I chose to go again,” said Katz in the statement.

Another prominent name is also thought to be mulling a run as an independent is former city councilman and current SRC member Bill Green.

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