I don't believe he'll be among the living (or at least functional) for 3 more years. The infusions he's getting might slow his dementia-related cognitive decline for another few months, but this is going to catch up with him. He's very old and frail.
The ballroom serves one of two purposes (or both):
1. He doesn't plan on leaving. His election last year caused the 34 criminal indictments to be dropped, as is customary (DOJ policy states that we can't have a convicted criminal in the White House - it's bad optics for the country). He needs to stay in power until he expires or rewrites the rules (even more than he has). Incredibly, magas don't believe he was convicted. They're in denial. He was convicted.
3. He just wants to put his name on another building, to be remembered for more stuff because he's such a narcissist. He's plastered giant banners and photos on other federal buildings, like 3rd world dictators do, put his name on various buildings, forced federal websites to have their copy rewritten to glorify him (and rewrite history).