The Coast Guard confirms that at 12:18 p.m., they responded to a person in the water off Liberty State Park.
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The person was removed from the water with a rescue boat and taken to Jersey City Medical Center.
Video showed a piece of the parachute coming down after the parachutist separated from his chute and landed in the water.
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The accident occurred as U.S. Navy and Coast Guard service members were participating in the event, which included a U.S. Navy Parachute Team, The Leap Frogs.
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