The shooting happened along the Chestnut Street Bridge leading to the waterfront above Columbus Boulevard at about 12:30 a.m.
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A police official says that a man who was licensed to carry a gun hopped out of his car to pick up a cell phone his girlfriend dropped.
A group of teenagers nearby felt threatened after seeing the gun, police say, and they opened fire at least five times.
The victim, in his 30s, was shot once in the shoulder.
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He was taken to the hospital and was reported to be in stable condition.
The man's name has not been released.
No arrests have been made.