The Charlotte Observer offers up a preview of the 2014 U.S. Senate race in here in North Carolina. By all accounts, it will be an expensive, hotly contested affair.

A U.S. Senate race with national stakes is taking shape in North Carolina, with one Republican jumping in, one bowing out and a handful of others waiting in the wings.

They’re aiming at Democratic U.S. Sen. Kay Hagan, one of the GOP’s top targets in 2014.

She’s one of seven Democratic senators in states carried last year by GOP presidential candidate Mitt Romney. Republicans call them the “Red State 7.”

“If it’s not the No. 1 race, it’s top three for sure,” says Kevin McLaughlin, senior adviser to the National Republican Senatorial Committee. “North Carolina is very, very ripe for the picking.”

This weekend several announced and would-be candidates are expected to attend the state GOP convention, which begins Friday at the Charlotte Convention Center.