If you're traveling to New York City in the fall, or planning a trip to NYC between late October, 2011 through late October, 2012, please be advised that from October 29, 2011 through approximately October, 2012, the Statue of Liberty will be closed to the public.
Liberty Island itself, on which the Statue of Liberty is located, will remain open during the project, and most of the time, most of the outside views of Lady Liberty will remain unobstructed.
Ellis Island has been undergoing restoration and renovations for a number of years, and there have been a number of erroneous reports in the press that Ellis Island will be closed. While the buildings which have been undergoing construction will remain closed until complete, the Immigration Museum, and the famous Great Hall on the 2nd floor of the Museum, where so many immigrants to the US waited for their interviews with immigration inspectors, after finishing their medical exams, will remain open.
In fact, it's only the Statue of Liberty itself which will close starting this coming October.