I hope the qualty doesn't matter, because you will lose a lot of HF response using that method. Probably okay for speech, but that's about it.
What you do to save it at the correct speed is open the file, then select Edit>Interpret Sample Rate and set it to half of what you recorded it at. It will now be playing at the correct speed, but with the wrong sample rate. You fix this by going to Edit>Convert Sample Rate and selecting the original sample rate again. This will work fine, but your problem is that if, for instance you made the recordings with a sample rate of 48k then the 'correct' speed version (which is already suffering from losses in the tape machine) will now have an effective sample rate of 24k - which will limit the maximum frequency you will end up with as 12kHz - not so good.
If you are doing a job like this, it's far more common to do it the other way around - half speed replay and double-speed it for the final save. That way you lose nothing.