A short walk up Tightwad Hill reveals a hive of construction activity. Photo: Lance Knobel

The demolition phase of work on Memorial Stadium is giving way to construction. Secure fences conceal all but the smallest glimpses for passersby. But the view from above the stadium shows a decidedly unfamiliar sight: no stands, no field — just a floor of dirt and a child’s delight of construction equipment.

The $321 million stadium project is scheduled for completion in time for the Cal Bears’ 2012 season.

Lance Knobel (Berkeleyside co-founder) has been a journalist for nearly 40 years. Much of his career was in business journalism. He was editor-in-chief of both Management Today, the leading business magazine...