The three companies will now make a presentation to the council
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Protesters attended a meeting at the Town Hall in Weston-super-Mare on Tuesday evening to lobby the council over the future of the Tropicana.
North Somerset Council is considering a number of options for the swimming pool site which include demolishing it and putting it all back to sand.
It has made a shortlist of three potential developers, all from outside the immediate area.
But the protest group hopes to persuade the council to employ a local firm.
Winning companies
In April, North Somerset Council said potential developers were chosen from a list of nine companies who submitted "expressions of interest".
The council said local bidders had not provided enough information.
In 2004, developers Mace pulled out of a £23m plan to renovate the site, which closed in 2000.
The council said the decision-making process had been anonymous, with the winning companies' identities not revealed until after they had been chosen.