Server Tomcat v7.0 Server at localhost was unable to start within 101 seconds. If the server requires more time, try increasing the timeout in the server edit
I know it's a bit late, but I've tried everything above and nothing worked. The real problem was that I'm using hibernate, so it was trying to connect to mysql but was not able, thats why it showed time out.
Just to let u guys know, I'm using RDS(Amazon), so just to make a test I changed to my local mysql and it worked perfectly.
Hope that this answer helps somebody.
Thanks.