Well I went through this whole effort about 1 year ago now. Home Theater Builder has a great article on how to build a riser - can't remember the issue number now. But here is how I built mine.
First the riser and stage should be built within the room (i.e. not physically connected to any walls). I started by building the basic riser strucure (the square) with 2X12's. After building the subfloor on the rest of the floor, this gave me an effective riser height of 10". The interior boards (attached from front of riser to rear) are 2X8's. This means that only the exterior square is actually resting on the floor. All the interior boards "float" above the floor. Once I completed the frame I pushed the structure within 1/2 of the wall but not touching it - this prevents any reverbaration from traveling between the wall and riser. I then filled all the cavities inside the riser with 2 layers of insulation to prevent the riser from becoming a big echo chamber, but still allowing some base to be felt (the other reason for the floating interior boards). This is what Gene is referencing. Next came the arduous part - the actual platform. The design is to prevent squeeks and provide a rigid platform. Use screws for all layers (buy an impact driver - biggest savior as I built my entire HT with screws). I put down a layer of 15lb roofing paper (tar) and then 1/2" plywood, then 15lb roofing paper, then 3/4 plywood alternating from the 1/2" (so no seams line up), 15lb tar paper, and the final alternating 1/2" plywood. I built the size of the top to over hang the frame by 2.5" so I could put rope lighting underneath the lip. Other things to consider are a 2.5" conduit to the front of the riser for console game controlers, a power/cat5e plate, and speaker wire for future tacile transducers. Never know when you might need these.
I also built a stage in the same manner with some minor differences. Those being all the boards in the frame are 2X8's and instead of insulation the entire stage is filled with sand. And I have a curved front.
Pictures below are the finished product. I will try to find some of my construction pictures and post those.
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