Since this word is made up of a single kanji, it should use the kun'yomi reading. When learning the kanji, you didn't learn that reading, so here's a mnemonic to help you with this word:
Here's the place! Either you have to talk or row (ところ). If you talk, maybe you can talk your way out of this problem you're in. If you row, you may be able to escape. Either way, this is the place for it.
If there’s a spot you don’t understand, please raise your hand.
We are still searching for common ground.
I think we’re lost because we’ve walked by the same place 72 times now.