▁buildings ▁to ▁accommod ate ▁invest ors ▁from ▁the ▁Main land ▁and ▁from ▁the ▁Island . ▁Puerto ▁Rico ▁Indust rial ▁Development ▁Company ▁owned ▁at ▁the ▁time ▁in ▁excess ▁of ▁ 1 2 0 ▁million ▁square ▁feet ▁of ▁industrial ▁space ▁in ▁Puerto ▁Rico . ▁In ▁ 1 9 7 5 ▁he ▁transferred ▁to ▁the ▁Government ▁Development ▁Bank ▁for ▁Puerto ▁Rico ▁as ▁its ▁President ▁until ▁ 1 9 7 6 ▁to ▁over see ▁the ▁Bank ' s ▁business ▁during ▁one ▁of ▁the ▁most ▁difficult ▁financial ▁crisis ▁ ▁in ▁the ▁municipal ▁bond ▁market ▁in ▁the ▁United ▁States . ▁From ▁ 1 9 9 0 ▁to ▁ 1 9 9 2 ▁he ▁was ▁appointed ▁Administr ator ▁of ▁the ▁Econom ic ▁Development ▁Administration , ▁the ▁ag ency ▁charged ▁with ▁implementing ▁economic ▁development ▁policies ▁on ▁the ▁island . ▁In ▁ 2 0 0 5 ▁he ▁went ▁back ▁to ▁the ▁Government ▁Development ▁Bank ▁as ▁its ▁Chair man ▁and ▁later ▁became ▁its ▁President ▁until ▁ 2 0 0 7 . ▁As ▁Head ▁of ▁the ▁bank , ▁Mr . ▁Sal azar ▁was ▁responsible ▁for ▁finan cing ▁major ▁infrastr ucture ▁projects ▁of ▁the ▁Central ▁Government ▁and ▁its ▁public ▁corpor ations . ▁Some ▁of ▁these ▁projects ▁include ▁the ▁Col ise um , ▁the ▁Convention ▁Center , ▁several ▁hot els ▁such ▁as ▁Bah ia ▁Beach , ▁the ▁Sher aton , ▁and ▁the ▁Cond ado ▁T rio . ▁In ▁ 2 0 0 8 ▁Mr . ▁Sal azar ▁became ▁the ▁candidate ▁of ▁the ▁Popular ▁Democratic ▁Party ▁for ▁the ▁elected ▁position ▁of ▁Res ident ▁Commission er ▁in ▁the