Alright. I just figured a lighter bike should equal one that's easier to maneuver in tighter corners. Guess I'll just try harder not to hit the walls with the tires. I don't want to keep it elsewhere because it's currently in it's only available indoor area. Thanks a lot for the advice, guys.

The bike is currently getting it's first proper full overhaul using info from lots of reading on this site and Sheldon Brown. It's turning out really nicely and all the bearings are ending up So much smoother. Just wanted to say thanks to everyone for all the help so far!